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Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: The company's income statements for the

image text in transcribed Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: The company's income statements for the current year and one year ago, follow. (1) Debt and equity ratios. (2-a) Compute debt-to-equity ratlo for the current year and one year ago. (2-b) Based on debt-toequity ratlo, does the company have more or less debt in the current year versus one 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

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