18 Part 2 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 eBook Hint Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Print Total liabilities and equity References Current Yr 1 Yr Ago 2 Yrs Ago $ 30,696 92,634 S 36,620 $ 37, 391 66,675 49, 854 113,011 10, 191 289,826 84,685 53, 090 9,516 264, 882 4, 113 237,052 $ 536, 358 $ 462, 378 $ 381, 500 $ 133, 553 $ 78, 142 $ 50, 862 98,819 162,500 104, 220 162,500 141,486 117,516 $ 536, 358 $ 462,378 84, 312 162,500 83, 826 $ 381,500 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 Total costs and expenses Current Yr $ 697,265 $ 425, 332 216, 152 11, 854 9,064 $ 34,863 662,402 1 Yr Ago $357,650 139, 208 12, 655 8, 253 $ 550, 230 517,766 $ 32,464 Net income Earnings per share $ 2.15 $ 2.00 For both the Current Year and 1 Year Ago, compute the following ratios: (2) Debt-to-equity ratio. Current Year: 1 Year Ago: Debt-To-Equity Ratio Choose Numerator: Choose Denominator: = Debt-To-Equity Ratio 1 = Debt-to-equity ratio 1 = 0 to 1 1 = 0 to 1