Required Information

Use the following Information for the Exercises below. $($Algo$)$

$[$The following informetion applies to the questions alsplayed below.$]$

Siman Company's year$-$end bolance sheets follow.

For both the current year snd one yese sgo, compute the following rstios:

Exercise $13\mathrm{.}9($Algo$)$ Analyzing risk and capital structure LO P$3$

The company's income statements for the current year and ane year ogo, follow.

$(1)$ Debt snd equity retios.

$(2-$a$)$ Compute debt$-$to$-$equity retio for the current year and one yesr ago.

$(2-$b$)$ Based on debtto$-$equty ratio, does the compony have more or leas debt in the current yesr versus ane year ago?

$(3-$a$)$ Times intereat esmed.

$(3-$b$)$ Based on tmes: interest earned, is the compsny more or les: riaky for creditors in the Cunrent Yesr versus $1$ Year Ago?

Complete this question by entering your answers in the tabs below.

Compute debt and equity ratio for the current year and one year aqo.