[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 Current Year 1 Year Ago 2 Years Ago $ 37,261 $ 32,508 93,304 65,207 $ 36,568 47,772 51,921 116,161 54,460 9,961 9,878 4,186 283,002 264,346 232,653 $534,936 5461,152 $373,100 Accounts payable $131,067 $77,935 $45,757 Long-term notes payable 101,574 102,883 80,006 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 138,995 117,834 81,037 Total liabilities and equity $534,936 $ 461,152 $373,100 For both the current year and one year ago, compute the following ratios Exercise 17-9 (Algo) Analyzing risk and capital structure LO P3 The company's income statements for the current year and one year ago, follow For Year Ended December 31 Sales Current Year 1 Year Ago $695,417 $540,771 Cost of goods sold $424,204 $356,701 Other operating expenses 215,579 138,839 Interest expense 11,822 12,622 Income tax expense 9,040 8,232 Total costs and expenses Net income Earnings per share 660,645 $34,772 $2.14 516,394 $32,377 $1.99 (1) Debt and equity ratios. (2-0) 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? (3-6) Times interest earned.