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 $ 34,184 190,066 129,831 11,098 313,299 $579,388 $ 39,159 $ 42,481 69,227 56,075 94,250 59,714 19,699 4,767 286,137 266,963 $ 499,472 $ 429,100 $141,382 $ 86,943 557,774 119,014 162,500 165,492 $579,388 116,027 96,728 162,500 162,500 134,002 112,098 $ 499,472 $ 429,100 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 $753,204 $459, 454 233,493 12,894 9,792 715,543 $ 37,661 1 Yr Ago $ 594,372 $386, 342 150,376 13,671 8,916 559,305 $ 35,067 $ 2.16 $ 2.32 Exercise 13-9 Part 1 (1) Debt and equity ratios. Debt Ratio Choose Numerator: 1 Choose Denominator: Current Year: 1 Year Ago: Debt Ratio Debt ratio % 96 Equity Ratio Choose Numerator: Choose Denominator: = Equity Ratio Equity ratio %6 Current Year: 1 1 1 Year Ago: 11 96 Exercise 13-9 Part 2 (2) Debt-to-equity ratio. Debt-to-Equity Ratio Choose Numerator: 1 Choose Denominator: 1 Debt-To Equity Ratio Debt-to-equity ratio to 1 Current Year: = 1 Year Ago: = to 1 (3-a) Times Interest eared. (3-b) Based on times interest eamed, 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 38 Times interest earned. Times Interest Earned Choose Numerator: 1 Choose Denominator: Times Interest Earned Times interest earned 1 111 times Current Year: 1 Year Ago: 11 times Required 3B >