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 $ 33,834 96,119 124,513 10,788 302,522 $567,776 $ 39,549 $ 42,046 69,210 56,061 89,645 58,517 10,381 4,487 280,677 259,389 $ 489,462 $ 420,500 $ 138,549 $ 82,719 $ 54,396 109,944 162,500 156,783 $567,776 112,576 95,718 162,500 162,500 131,667 107,886 $ 489,462 $ 420,500 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 $ 738,109 $ 450,246 228,814 12,548 9,595 701,203 $ 36,906 1 Yr Ago $ 582,460 $ 378,599 147,362 13,397 8,737 548,095 $ 34, 365 $ 2.27 $ 2.11 (1) Debt and equity ratios. Debt Ratio Choose Numerator: Choose Denominator: = Debt Ratio Debt ratio % I! Current Year: 1 Year Ago: % Equity Ratio 1 Choose Numerator: Choose Denominator: = 11 Equity Ratio Equity ratio % / Current Year: 1 Year Ago: = % (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: 1 Choose Denominator: = = = Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 0 to 1 Current Year: 1 Year Ago: = (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: I Choose Denominator: 1 1 Times Interest Earned Times interest earned times Current Year: 1 Year Ago: = = 1 times