Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 34,596 102,275 127,331 11,252 310,919 $586,373 $ 39,226 $ 42,967 70,061 56,166 95,387 61,025 10,615 4,774 290,205 260,568 $ 505,494 $ 425,500 $144,547 $ 86,283 $ 55,604 110,238 162,500 169, 088 $586,373 119,752 92,155 162,500 162,500 136,959 115,241 $ 505,494 $ 425,500 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $ 762,285 $464,994 236,308 12,959 9,910 724,171 $ 38, 114 $ 2.35 1 Yr Ago $601,538 $391,000 152, 189 13,835 9,023 566,047 $ 35,491 $ 2.18 For both the Current Year and 1 Year Ago, compute the following ratios: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: 1 Choose Denominator: 1 11 Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 0 to 1 Current Year: = 1 Year Ago: 11 (3-a) Times interest earned. (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 3A Required 3B Times interest earned Times Interest Earned Choose Numerator: Choose Denominator: 1 Times Interest Earned Times interest earned times Current Year: 1 Year Ago: 1 times (3-a) Times interest earned. (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 3A Required 3B Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Times interest earned