ercise 13-9 Analyzing risk and capital structure LO P3 he following information applies to the questions displayed below.) mon 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 $ 26,558 75,449 93,904 8,299 241, 467 $445, 677 $ 30,429 $ 32,324 53,251 41,426 68,945 43,664 8,310 3,452 223,269 196, 134 $ 384,204 $ 317,000 $109,864 $ 64,930 $ 42,681 86,301 162,500 87,012 $445, 677 89,251 70,057 162,500 162,500 67,52341,762 $ 384,204 $ 317,000 The company's income statements for the Current Year and 1 Year Ago, follow. Yr Ago $ 457,203 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 Yr $579,380 $353, 422 179,608 9,849 7,532 $297., 182 115,672 10,516 6,858 550,411 430,228 $ 26,975 $ 28,969 1.78 $ 1.66 SIDE 19 Part 3 (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? Complete this question by entering your answers in the tabs below. Required 3A Required 3B Times interest earned. onces Times Interest Eamed Choose Numerator: Choose Denominator: Income before interest and income tax interest expense Times Interest Earned Times interesteaed tines 9,849 10,516 Current Year 1 Year Ago: Red >