Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Current Year 1 Year Ago 2 Years Ago $ 28,257 81,898 104,022 9,564 264,968 $ 34,041 60,162 76,382 8,759 241,957 $ 421,301 $ 71,912 $ 488,709 Accounts payable $ 119,255 Long-term notes payable Common stock, $10 par value Retained earnings 93,715 162,500 113,239 Total liabilities and equity $ 488,709 $ 421,301 97,868 162,500 89,021 For both the current year and one year ago, compute the following ratios: $ 34,417 45,434 47,899 3,900 212,550 $ 344,200 $ 44,980 74,547 162,500 62,173 $ 344,200 share (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 Ac