Question: Confused please help! Required information Exercise 13-9 (Algo) Analyzing risk and capital structure LO P3 (Alternate Version] [The following information applies to the questions displayed

Confused please help! Required information Exercise 13-9 (Algo) Analyzing risk and capitalstructure LO P3 (Alternate Version] [The following information applies to the questionsdisplayed below.] Simon Company's year-end balance sheets follow. Current Year 1 YearAgo 2 Years Ago At December 31 Assets Cash Accounts receivable, netConfused please help!

Required information Exercise 13-9 (Algo) Analyzing risk and capital structure LO P3 (Alternate Version] [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,778 90,260 118,117 10,029 288,427 $ 538,611 $ 37,146 66,305 84,181 10,043 266,645 $ 464,320 $ 39,096 53,708 56,077 4,300 245,719 $ 398,900 $ 138,138 100, 246 162,500 137,727 $ 538,611 76,116 105,726 162,500 119,978 $ 464,320 $ 53,181 88,157 162,500 95,062 $ 398,900 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 Current Year $ 700,194 $ 427,118 217,060 11,903 9,103 665,184 $ 35,010 1 Year Ago $ 552,541 $ 359,152 139,793 12,708 8,288 519,941 $ 32,600 Earnings per share $ 2.15 $ 2.01 Exercise 13-9 (Algo) Part 3 (Alternate Version] (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 versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 3A Required 3B Compute times interest earned for the current year and one year ago. Times Interest Earned Numerator: Denominator: II Times Interest Earned 1 = = Times interest earned Current Year: / = times 1 Year Ago: 1 II times Exercise 13-9 (Algo) Part 3 (Alternate Version) (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 versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 3A Required 3B Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Based on times interest earned, the company is for creditors in the current year versus one year ago

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