2 ! Required information (The following information applies to the questions displayed below.) 1 points Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago eBook At December 31 Assets 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 Total liabilities and equity $ 25,654 76,607 97,263 8,178 231,508 $439,210 $ 30,896 $ 30,000 53,538 40,412 70,646 44,804 7,792 3,436 216,357 193,748 $ 378,629 $ 312,400 Hint Print $111,551 $ 65,268 $ 40,412 References 81,746 162,500 83,413 $439,210 85,343 67,660 162,500 162,500 65,518 41,828 $ 378,629 $ 312,400 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 Net income Earnings per share Current Yr $570,973 $348,294 177,002 9,707 7,423 542,426 $ 28,547 1 Yr Ago $ 450,569 $ 292,870 113,994 10,363 6,759 423,986 $ 26,583 $ 1.76 $ 1.64 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio Choose Numerator: 1 Choose Denominator: Debt Ratio = Debt ratio / % Current Year: : 1 Year Ago: % Equity Ratio Choose Numerator: 1 Choose Denominator: Equity Ratio Equity ratio 1 = 1 % Current Year: 1 Year Ago: %