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 $ 36,038 102, 401 131, 325 11, 264 317, 810 $598, 838 42,538 70, 105 97,414 10, 841 295, 342 $ 516, 240 $ 41, 738 57, 922 61,699 4, 827 264, 014 $ 430, 200 $150, 602 $ 88,989 $ 55, 651 113, 707 162, 500 172, 029 $598, 838 115, 173 162,500 149,578 $ 516,240 95, 074 162,500 116,975 $ 430, 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 Current Yr $ 778, 489 $ 474, 878 241, 332 13, 234 10, 120 739, 564 $ 38, 925 1 Yr Ago $ 614, 326 $ 399, 312 155, 424 14, 129 9, 215 578, 080 $ 36, 246 Earnings per share 2.40 $ 2. 23 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Choose Numerator: Total liabilities Debt Ratio Choose Denominator: / Total assets Debt Ratio Debt ratio Current Year: 1 Year Ago: 0 % Equity Ratio Choose Numerator: Choose Denominator: Equity Ratio Equity ratio 0 % 0 % Current Year: 1 Year Ago: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: Choose Denominator: 1 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: Choose Denominator: = = Times Interest Earned Times interest earned times Current Year: 1 Year Ago: / = times