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 $ 38, 132 89,077 111,998 9,800 269,698 $518,705 $ 35,221 $ 35,616 62,253 47,018 80,634 50,075 9,061 3,881 253,094 219,690 $ 440,263 $ 356, 289 $128,437 $ 72,916 $ 46,548 95, 852 162,50 124,716 $518,795 101,260 78,720 162,5ee 162, 5ee 183,582 68, 432 $ 440, 263 $ 356,280 The company's Income statements for the Current Year and 1 Year Ago, follow. n $ 523.913 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense tal cost and expenses Current Yr 5663,917 $484,989 205,814 11,287 8,631 630721 $340,543 132,558 12,850 2.859 493 002 $9.911 Netancome Larnane per Share 5 1.92 For both the Current Year and 1 Year Ago.compute the following ratios For both the Current Year and 1 Year Ago, compute the following ratlos: Exercise 13-9 Part 3 (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 30 Times interest earned. Times. Interest Earned Choose Numerator: 1 Choose Denominator: Times Interest Earned Times interest earned mes Current Year: 1 Year Ago: 1 o mes Required 3B >