Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago $ 35,891 99,943 129,506 11,331 319, 720 $596, 391 $ 40,719 $ 41,576 72,698 56,554 96,065 59,032 10,473 4,526 294,175 262,512 $514, 130 $424,200 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 $151,471 $ 85,150 $ 55,434 113,243 162,500 169, 177 $596, 391 120,615 94,686 162,500 162,500 145,865 111,580 $514, 130 $424, 200 The company's income statements for the Current Year and 1 Year Ago, follow. 1 Yr Ago $611, 815 $397,680 For Year Ended Current Yr December 31 Sales $775, 308 Cost of goods $472,938 sold Other operating 240, 345 expenses Interest expense 13, 180 Income tax 10,079 expense Total costs and 736,542 expenses Net income $ 38,766 Earnings per $ 2.39 share 154,789 14,072 9, 177 575, 718 $ 36,097 $ 2.22 For both the Current Year and 1 Year Ago, compute the following ratios: 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 Required 3A 3B Times interest earned. Times Interest Earned Choose Numerator: I Choose Denominator: Times Interest Earned Times interest earned / / times Current Year: 1 Year Ago: times Required 3A Required 3B > (3-a) Times interest earned. (3-6) 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. 3B Required Required 3A 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