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 $ 26,311 77,812 97,834 8,473 244, 612 $455,042 $ 32,324 $ 32,363 56,017 44,458 71, 120 47,357 8,155 3,669 224,662 202, 353 $ 392,278 $ 330,200 $109,906 $ 68,284 $ 42,715 86,403 162,500 96,233 $455,042 92,028 70,785 162,500 162,500 69, 466 54,200 $ 392,278 $ 330,200 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 $591,555 $360,849 183, 382 10,056 7,690 561,977 $ 29,578 $ 1.82 1 Yr Ago $ 466,811 $303,427 118,103 10,737 7,002 439,269 $ 27,542 $ 1.69 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Choose Numerator: Debt Ratio 1 Choose Denominator: 1 Debt Ratio Debt ratio II Current Year: 1 Year Ago: % % Choose Numerator: Equity Ratio 1 Choose Denominator: 1 Equity Ratio Equity ratio / Current Year: 1 Year Ago: / % (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: 1 Choose Denominator: 1 1 / Debt-To-Equity Ratio Debt-to-equity ratio to 1 to 1 Current Year: 1 Year Ago: II (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. Required 3A Required 3B Times interest earned. Times Interest Earned Choose Numerator: = 1 Choose Denominator: 1 / Times Interest Earned Times interest earned times times II Current Year: 1 Year Ago: / Required 3A Required 3B (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