470 Required information The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow Plant set, set Cash Merchandise try Prepaid expenses Total asset 10,700 378,500 9.375 255,000 54.000 1,000 330,500 Liabilition and Equity Accounts payable $119,900 75,350 8:51,356 Long-tern Botes payable 8,500 101.500 $3,500 B Coin stock, $30 par valve 143,500 163,500 143,500 Hatained wi 111,100 104,758 79.350 fotal liabilities and equity 533,000 445,000 377,500 The company's income statements for the current year and one year ago, follow Per Year Ended Decenter: 31|| Other operating expenses Cost of goods sold Interest expense Total rete and expene Het income Earnings per share Current Tear IT Ago 673,500 $32,000 345,500 209,550 12,100 134,900 13,300 4,525 8,945 643,400 #31,100 5.1.90 503,635 $29,375 $5.00 (2-a) Compute debt-to-equity ratio for the current year and one year ago. (2-b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? Complete this question by entering your answers in the tabs below. Required 2A Required 28 Compute debt-to-equity ratio for the current year and one year ago. Numerator: Current Year 1 Year Ago: Debt-To-Equity Ratio Denominator ' Debt-To-Equity Ratio Debt-to-equity ratio 0 to 0 to 1 Complete this question by entering your answers in the tabs below. Required 2A Required 20 Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? Based on debt-to-equity ratio, the company has debt in the current year versus one year ago