[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current 1 Year 2 Years At December 31 Year Ago Ago Assets Cash $ 38, 094 $ 42, 782 $ 43, 271 Accounts receivable, net 106, 079 77, 161 56, 530 Merchandise inventory 137, 457 101, 963 61, 439 Prepaid expenses 12, 268 11, 230 4, 808 Plant assets, net 339, 107 312, 558 275, 452 Total assets $ 633, 005 $ 545, 694 441, 500 Liabilities and Equity Accounts payable $ 157 , 618 $ 91, 300 $ 58, 278 Long-term notes payable 121,385 126, 765 97, 572 Common stock, $10 par value 162, 500 162, 500 162, 500 Retained earnings 191, 502 165, 129 123, 150 Total liabilities and $ 633, 005. $ equity 545 , 694 441, 500 The company's income statements for the current year and one year ago, follow. For Year Ended December 31 Current Year 1 Year Ago Sales $ $ 822, 907 649, 376 Cost of goods sold $ $ 501, 973 422 , 094 Other operating expenses 255, 101 164, 292 Interest expense 13, 989 14, 936 Income tax expense 10, 698 9, 741 Total costs and expenses 781, 761 611, 063 Net income $ 41, 146 $ 38, 313 Earnings per share $ 2.53 $ 2.36 For both the current year and one year ago, compute the following ratios: (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 Ago? Complete this question by entering your answers in the tabs below. Required Required 3A 3B Compute times interest earned for the current year and one year ago. Times Interest Earned Numerator: Denominator: = Times Interest Earned Times interest earned Current Year: times 1 Year Ago: times Required 3A Required 3B >