0 Required Information The following information applies to the questions displayed below Simon Company's year-end balance sheets follow Assets 33,754 39,455 39,890 100,793 68,349 54,261 120,516 90,318 59,528 4,477 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by 11,30910,252 311.503 289,794 248,844 577,875 $498,168 $407,000 $142,452 85,032 $ 54,798 107,554 118,016 89,947 162,500 162,500 162,500 165.369 132,62099,755 $577,875 $498,168 $407,000 mortgages on plant assets Common stock, $10 par value Total liabilities and equity The company's Income statements for the years ended December 31, 2017 and 2016, follow. For Year Ended Decenber 31 2017 2016 751,238 592, 820 Sales Cost of goods sold Other operating expenses Interest expense Income taxes $458,255 232, 884 12,771 9,766 $385,333 149,983 13,635 ,892 Total costs and expenses tet income Earnings per share 713.676 37,562 S2.33 557,843 S 34,977 S 2.15 Calculate the company's long-term risk and capital structure positions at the end of 2017 and 2016 by computing the following ratios. (1) Debt and equity ratios Debt Ratio / Choose DenominatorDebt Ratio | Debt ratio Choose Numerator 2017 2016: Equity Ratico Choose Numerator l Choose Denominator # | Equity Ratio Equity ratio 2017: 2016: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator:Choose Denomin ator:Debt-To-Equity Ratio -Debt-to-equity ratio 2017: to 1 to 1 2016