Simon Company's year-end balance sheets follow. Current Yri 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 $ 25,385 77,328 91,561 8,258 236,505 $439,037 $ 29, 370 $ 30,912 52,987 40,800 67,918 44,339 7,789 3,400 220, 416 195,949 $ 378, 480 $ 315,400 $110,413 $ 63,963 $ 40,800 84,190 162,500 81,934 $ 439,037 87,921 70,400 162,500 162,500 64,096 41,700 $ 378,480 $ 315,400 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 $570,748 $ 348, 156 176,932 9,703 7,420 542,211 $ 28,537 1 Yr Ago $ 450, 391 $ 292,754 113,949 10,359 6,756 423,818 $ 26,573 $ 1.64 Earnings per share $ 1.76 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio 1 Choose Numerator: Choose Denominator: = Debt Ratio Debt ratio Current Year: 1 Year Ago: Equity Ratio 1 Choose Numerator: Choose Denominator: = Equity Ratio Equity ratio Current Year: 1 Year Ago: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: 7 Choose Denominator: Debt-To-Equity Ratio Debt-to-equity ratio - 1= = = to 1 Current Year: 1 Year Ago: 1 1 [ to 1 (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 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