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 (1) Debt and equity ratios. Current Year $ 334,392 169,937 9,319 7,126 $ 548,184 1 Year Ago $ 432,585 $ 281,180 109,444 9,949 6,489 520,774 407,062 $ 25,523 $ 27,410 $ 1.69 (2-a) Compute debt-to-equity ratio for the current year and one year ago. $ 1.57 (2-b) Based on debt-to-equity ratio, 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 3A Required 3B Compute debt and equity ratio for the current year and one year ago. Debt Ratio Numerator: Total liabilities Current Year: 1 Year Ago: Current Year: 1 Year Ago: Denominator: Total equity = Debt Ratio Debt ratio 0% 0 % Equity Ratio Numerator: Denominator: Equity Ratio Net sales = Equity ratio 0 % = 0 % < Required 1 Required 2A > Required 1 Required 2A Required 2B Required 3A Required 3B Compute debt-to-equity ratio for the current year and one year ago. Current Year: 1 Year Ago: Debt-To-Equity Ratio Numerator: I Denominator: = Debt-To-Equity Ratio I = Debt-to-equity ratio I = 0 to 1 I = 0 to 1 < Required 1 Required 2B > Required 1 Required 2A Required 2B Required 3A Required 3B Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one ye Based on debt-to-equity ratio, the company has debt in the current year versus one year ago. > Required 2A Required 3A > Required 1 Required 2A Required 2B Required 3A Required 3B Compute times interest earned for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Times Interest Earned I Denominator: 1 1 1 < Required 2B Required 3B > Required 1 Required 2A Required 2B Required 3A Required 3B Based on times interest earned, is the company more or less risky for creditors in the Current Year versus for creditors in the current year versus one year a Based on times interest earned, the company is < Required 3A Required 3B >