[The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. Current Ye 1 Yr Ago 2 TENA $ 31,800 $ 35,625 $ 37,800 89,500 62,500 50,200 112,500 82,500 54,000 10,700 9,375 5,000 278,500 255,000 230,500 $523,000 $445,000 $377,500 At Decembar 1 Assets Canh Accounts receivable, net Merchandise inventory Prepaid expenses plant assets, bet Total asset Liabilities and Iquity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $129,900 $ 75,250 $ 51,250 98,500 101,500 83,500 163,500 163,500 163,500 131,100 104,750 79, 250 $523,000 $445,000 $377,500 The company's income statements for the current year and 1 year ago, follow. For Year Ended December 31 Current Ye 1 Yr Ago Sales $673,500 $532,000 Cost of goods sold $411,225 $345,500 Other operating expenses 209,550 134,980 Interest expense 12,100 13,300 Income tax expense 9,525 8,845 Total costs and expenses 642,400 502,625 Net Income $ 31,100 $ 29,375 Earnings per share $ 1.90 $ 1.80 Required 3A Required 38 Times interest earned Time Interest Earned Choose Denominator Choose Numenter Time Intret Earned Times interest eamed 1 = - = 1 times Current Yoar: times 1 Year Ago: Houd SA Required 38 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 internet and