[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 Current Year 1 Year Ago 2 Years Ago $ 37,585 108,933 138,306 11,985 327,737 $ 44,364 $ 43,987 75,376 97,612 11,420 309,630 $ 538,402 58,649 60,000 4,935 268,029 $ 435,600 $ 56,924 $ 624,546 Liabilities and Equity Accounts payable $ 153,957 $ 89,170 Long-term notes payable 113,892 122,594 98,193 Common stock, $10 par value 163,500 163,500 162,500 Retained earnings 193,197 163,138 117,983 Total liabilities and equity $ 624,546 $538,402 435,600 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 Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income- Earnings per share Current Year $ 811,910 $ 495,265 251,692 13,802 10,555 1 Year Ago $ 640,698 771,314 $ 40,596 $ 416,454 162,097 14,736 9,610 602,897 $ 37,801 $ 2.50 $2.33 (1) Debt and equity ratios. (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 risky for creditors in the Current Year versus 1 Year Ago? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 Required 3A Required 381 Compute debt and equity ratio for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Debt Ratio Denominator: Debt Ratio Debt ration % 0 % Equity Ratio Numerator: Denominator: Equity Ratio (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 3A Required 3B 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 0 to 1 0 to 1 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 3A Required 3B Compute times interest eamed for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Times Interest Earned Denominator: Times Interest Earned Times interest earned 0 times 0 times