6 Required Information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Part 2 of 3 Current Year 1 Year Ago 2 Years Ago 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 27,962 80,223 182,924 9,187 258,420 $ 478,716 $ 33,345 57,776 74,820 8,840 237,995 $ 412,686 $ 34,647 45,395 49,318 3,708 208, 032 $ 340, 500 $ 120,392 89,999 162,5ee 106,725 $ 478,716 $ 71,836 94,918 162,500 83,432 $ 412,686 $ 45,845 76,756 162,500 55,399 $ 340, 500 The company's income statements for the current year and one 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 Current Year $622,331 $ 379,622 192,923 10,580 8,090 591,215 $ 31, 116 $ 1.91 1 Year Ago $ 491,096 $ 319,212 124, 247 11, 295 7,366 462,120 $ 28,976 $ 1.78 Earnings per share For both the current year and one year ago.compute the following ratios: (2) Compute debt-to-equity ratio for the current year and one year ago. Debt-To-Equity Ratio Denominator: Numerator: = Debt-To-Equity Ratio Debt-to-equity ratio to 1 1 Current Year: 1 Year Ago: 1 to 1