Refer to the Simon Company information in Exercises 13-6 and 13-8. Compare the company's long-term risk and capital structure positions at the end of 2015 and 2014 by computing these ratios:
(1) Debt and equity ratios-percent rounded to one decimal,
(2) Debt-to-equity ratio-rounded to two decimals, and
(3) Times interest earned-rounded to one decimal. Comment on these ratio results.
In Exercises 13-6

In Exercises 13-8

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At December 31 2015 2014 2013 Assets Accounts recelvable, net. Merchandise Inventory Prepald expenses Plant assets, net Total assets $ 31,800 35,625 $ 37,800 50,200 54,000 5,000 278,500 255.000 230.500 $523,000 $445,000 $377,500 89,500 62,500 1 12,500 82,500 9,375 0,700 Liabilities and Equity Accounts payable Long-term notes payable secured by $129,900 75,250 51,250 mortgages on plant assets Common stock, $10 par value Retalned earnings Total llabilitles and equity 98,500 101,500 83,500 63,500 163,500 63,500 131,100 104.750 79,230 79,250 $523,000 $445,000 $377,500 For Year Ended December 3 2015 2014 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income Earnings per share $673,500 $532,000 .$411,225 . 209,550 12,100 9,525 $345,500 134,980 13,300 8,845 502,625 642,400 31,100 $1.90 $_3 $29.375 $ 180