The company's income statements for the current year and one year ago , follow For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Current Year 790,586 482,257 245,082 13,440 10,278 751,057 1 Year Ago 623,871 405,516 157,839 14,349 9,358 587,062 39,529 36,809 Net income 2.43 2.27 Earnings per 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 Ago