Required information (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 33,691 94,803 121,580 10,534 293, 793 $554,401 $ 38,235 $ 40,624 67,580 53,104 87,533 58,840 9,836 4,514 274, 748 245, 218 $ 477,932 $ 402,300 $140,807 $ 80,771 $ 53, 635 105,270 162,500 145, 824 $554,401 113,222 88.908 162,500 162,500 121,439 97,257 $ 477,932 $ 402,300 The company's income statements for the Current Year and 1 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 Current Yr $720,721 $439,640 223, 424 12,252 9,369 684,685 $ 36,034 1 Yr Ago $568,739 $369,680 143,891 13,081 8,531 535, 183 $ 33,556 $ 2.06 Earnings per share $ 2.22 (1) Debt and equity ratios. Debt Ratio Chooso Numerator: Choose Denominator: Debt Ratio / Current Year: 1 Year Ago: Debt ratio % % Equity Ratie Choose Numerator: Choose Denominator: - Equity Ratio Equity ratio % Current Year: 1 Year Ago: % Book (2) Debt-to-equity ratio. Hint Debt-To-Equity Ratio Choose Numerator: Choose Denominator: 7 1 Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 Print Current Year: 1 Year Ago: O to 1 (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? k Complete this question by entering your answers in the tabs below. ht Require3A Required 38 Times interest earned. Times Interest Earned Choose Numerator 1 Choose Denominator - Times Interest Earned Times interest eamed times Current Year: 1 1 Year Ago: times RADA Required 3B > (3-a) Times interest earned, (3-6) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? eBook Complete this question by entering your answers in the tabs below. Hint D Print Required 3A Requited 38 Required 38 Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Times intarosteamed