f4 ok At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets,...

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f4 ok At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Current Year $ 31,880 88,776 116,174 9,763 283,158 $ 529,751 1 Year Ago 2 Years Ago $ 36,900 $ 36,930 63,296 50,235 86,176 9,686 260,624 $ 456,682 163,500 Accounts payable $ 127,951 Long-term notes payable Common stock, $10 par value Retained earnings 100,589 162,500 138,711 $ 75,636 105,037 112,509 Total liabilities and equity $ 529,751 $ 456,682 For both the current year and one year ago, compute the following ratios: 54,576 4,186 230,873 $ 376,800 $ 49,240 81,607 162,500 83,453 $ 376,800 The company's income statements for the current year and one year ago, follow. t For Year Ended December 31 Sales Current Year 1 Year Ago $ 688,676 $ 543,452 Cost of goods sold 420,092 ces Other operating expenses 213,490 Interest expense 11,707 Income tax expense 8,953 353,244 137,493 12,499 8,152 Total costs and expenses 654,242 Net income $ 34,434 511,388 $ 32,064 Earnings per share $ 2.12 $ 1.97 (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? f4 ok At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Current Year $ 31,880 88,776 116,174 9,763 283,158 $ 529,751 1 Year Ago 2 Years Ago $ 36,900 $ 36,930 63,296 50,235 86,176 9,686 260,624 $ 456,682 163,500 Accounts payable $ 127,951 Long-term notes payable Common stock, $10 par value Retained earnings 100,589 162,500 138,711 $ 75,636 105,037 112,509 Total liabilities and equity $ 529,751 $ 456,682 For both the current year and one year ago, compute the following ratios: 54,576 4,186 230,873 $ 376,800 $ 49,240 81,607 162,500 83,453 $ 376,800 The company's income statements for the current year and one year ago, follow. t For Year Ended December 31 Sales Current Year 1 Year Ago $ 688,676 $ 543,452 Cost of goods sold 420,092 ces Other operating expenses 213,490 Interest expense 11,707 Income tax expense 8,953 353,244 137,493 12,499 8,152 Total costs and expenses 654,242 Net income $ 34,434 511,388 $ 32,064 Earnings per share $ 2.12 $ 1.97 (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?