2018 2017 2016 At December 31 Assets $ 31,800 $ 35,625 $ 37,800 62,500 82,500 9,375 255,000 Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 89,500 112,500 10,700 278,500 50, 200 54,000 5,000 230,500 $523,000 $445,000 $377,500 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 $129,900 $ 75,250 $ 51,250 98,500 163,500 131,100 101,500 163,500 83,500 163,500 104,750 79,250 $523,000 $445,000 $377,5ee The company's Income statements for the years ended December 31, 2018 and 2017, follow. For Year Ended December 31 2018 2017 Sales $673,500 $532,000 Cost of goods sold Other operating expenses Interest expense $411,225 209,550 12,100 $345,500 134,980 13,300 8,845 Income taxes 9,525 Total costs and expenses 642,400 502,625 Net income $ 29,375 $31,100 $ Earnings per share 1.90 $ 1.80 Calculate the company's long-term risk and capital structure positions at the end of 2018 and 2017 by com following ratios. (1) Debt and equity ratios. Debt Ratio Choose Numerator: Choose Denominator: Debt Ratio Debt ratio 2018: % 2017: Equity Ratio Choose Numerator: Choose Denominator: Equity Ratio Equity ratio 2018: 2017: % (2) Debt-to-equlty ratio. Debt-To-Equity Ratio Choose Denominator: Debt-To-Equity Ratio Choose Numerator: Debt-to-equity ratio 2018: to 1 2017: to 1 (3) Times Interest earned. Times Interest Earned Choose Denominator: Choose Numerator: Times Interest Earned / Times interest earned 2018: times 2017: times