17 Part 1 of 3 Required Information [The following Information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 0.5 points At December 31 Assets Cash Accounts receivable, net eBook Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Hint Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Print Total liabilities and equity Current Yr 1 Yr Ago 2 Yrs Ago $ 30,696 92,634 113,011 10, 191 289,826 $536, 358 $ 36,620 $ 37, 391 66,675 49, 854 84, 685 53, 090 9,516 264, 882 4, 113 237,052 $ 462,378 $ 381,500 $133, 553 S 78, 142 $ 50, 862 98,819 162,500 141,486 104,220 84, 312 162,500 162, 500 117,516 83, 826 $ 536, 358 $ 462,378 $ 381,500 References The company's Income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Current Yr 1 Yr Ago $ 697,265 $ 550, 230 $ 425, 332 $ 357,650 216, 152 11, 854 9,064 139, 208 12, 655 8, 253 Total costs and expenses Net income Earnings per share 662, 402 517,766 $ 34,863 $ 32, 464 $ 2.15 $ 2.00 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio Choose Numerator: Total liabilities Current Year: Choose Denominator: Total assets = Debt Ratio = Debt ratio 536,358 = % 462,378 = % 1 Year Ago: 1 $ Equity Ratio Choose Numerator: 1 Choose Denominator: Total equity Total assets Current Year: $ 1 Year Ago: $ Equity Ratio = Equity ratio 536,358 = % 462,378 = %