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[The following information applies to the questions dispiayed below.] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute

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[The following information applies to the questions dispiayed below.] 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. 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 ratio for the current year and one year ogo. (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 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. Compute times interest earned for the current year and one year ago. (1) Debt and equlty rotios: (2-a) Compute debt-to-equity ratio for the current year and one year ago. (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 ifsky for creditors in the Curront Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Compute times interest earned for the current year and one year ago

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