$\backslash$table$[[$At December $31,$Current Year,$1,$Year Ago,$2$ Years Ago$],[$Assets$,$$$26,834,$$$31,366,$$$32,016,],[$Cash$,78,550,55,440,43,569,],[$Accounts receivable, net,$94,851,73,985,47,816,],[$Merchandise inventory,$8,814,8,151,3,741,],[$Prepaid expenses,$245,761,223,136,206,258,],[$Plant assets, net,$$454,810,$$$392,078,$$$333,400,],[$Total assets,,,,$],[$Liabilities and Equity,$$114,380,$$$64,936,$$$44,889,],[$Accounts payable,$83,794,91,981,73,681,],[$Long$-$term notes payable,$162,500,162,500,163,500,],[$Common stock, $$10$ par value,$94,136,72,661,51,330,],[$Retained earnings,$$454,810,$$$392,078,$$$333,400,],[$Total liabilities and equity,,,,$]]$

For both the current year and one year ago, compute the following ratios:

The company's income statements for the current year and one year ago, follow.

$(1)$ 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?

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

Required $1$

Required $2$A

Required $2$B

Required $3A$

Required $3$B

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

$\backslash$table$[[$Debt Ratio$],[,$Numerator:,$1,$Denominator:,$=,$Debt Ratio$],[,,1,,=,$Debt ratio$],[$Current Year:,,$1,,=,\%$