[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 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 Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago 52,430 54,710 4,326 246,018 $ 397,200 $ 50,857 85,148. 162,500 98,695 $ 33,277 98,356 $ 38,127 66,723 $ 39,716 121,263 91,732 10,504 10,008 274,816 $ 481,406 $ 83,798 108,509 162,500 162,500 151,187 126,599 $ 481,406. $ 397,200 295,031 $558,431 $ 137,659 107,085 $558,431 The company's income statements for the current year and one year ago, follow. For Year Ended December 31 Sales Current Year $ 725,960 Cost of goods sold $442,836 Other operating expenses 225,048 Interest expense 12,341 Income tax expense 9,437 Total costs and expenses Net income 689,662 $ 36,298 Earnings per share $ 2.23 1 Year Ago $572,873 $ 372,367 144,937 13,176 8,593 539,073 $ 33,800 $ 2.08 (1) Compute debt and equity ratio for the current year and one year ago. Current Year: 1 Year Ago: Current Year: 1 Year Ago: Debt Ratio Numerator: Denominator: Debt Ratio = Debt ratio = % = % Equity Ratio Numerator: 1 Denominator: = Equity Ratio = Equity ratio = % (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? Complete this question by entering your answers in the tabs below. Required 2A Required 2B Compute debt-to-equity ratio for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Debt-To-Equity Ratio Denominator: Debt-To-Equity Ratio: Debt-to-equity ratio / to 1 1 to 1 (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? Complete this question by entering your answers in the tabs below. Required 2A Required 2B Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? debt in the current year versus one year ago. Based on debt-to-equity ratio, the company has < Required 2A Required 28 > (3-a) Compute times interest earned for the current year and one year ago. (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 Compute times interest earned for the current year and one year ago. Current Year: 1 Year Ago: Times Interest Earned Numerator: Denominator: Times Interest Earned Times interest earned times times (3-a) Compute times interest earned for the current year and one year ago. (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 Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? for creditors in the current year versus one year ago. Based on times interest earned, the company is