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 Common stock, $10 par value Retained earnings Total liabilities and equity S 31,800 $ 35,625 $ 37,800 89,500 62,588 50,200 112,580 82,500 54,000 10,789 9,375 5,800 278,500 255,899 239,500 $523,000 $445,080 $ 377,500 $129,900 $ 75,250 $ 51,252 98,500 101,500 83,500 163,500 163,589 163,588 131,100 194,750 79,25e $523,000 $445,000 $ 377,500 The company's income statements for the current year and one 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 $673,500 $411,225 209,550 12, 100 9,525 642,400 $ 31,100 $ 1.90 1 Yr Ago 5 532,800 $ 345,500 134,989 13,380 8,845 582,625 $ 29, 375 $ 1.80 For both the current year and one year ago. compute the following ratios: Exercise 13-10 (Static) Part 1 (1) Debt and equity ratios. Choose Numerator: Total liabilities Debt Ratio Choose Denominator 7 Total assets Debt Ratio Debt ratio Current Year: 1 0.36 0 56 1 Year Ago: Equity Ratio Choose Denominator Choose Numerator: Equity Ratio Equity ratio 0 % 09 Current Year: 1 Year Ago: 1 (2) Debt-to-equity ratio Choose Numerator: Debt To Equity Ratio Choose Denominator: 1 Debt-To-Equity Ratio Debt-to-equity ratio Current Year: to 1 1 Year Ago: 1 to 1 (3-6) Times interest eamed. (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 38 Times interest earned Times interest Earned Choose Denominator: Choose Numerator Times Interest Eamed Times interest earned times Current Year: 1 Year Ago: times Required 30 >