9 00:47:46 Required Information [The following information applies to the questions displayed below) Marshall Company has been in business for several years now. Marshall Company's year-end balance sheets follow. At December 31 Current Ye 1 YE Ago 2 Yes Ago Assets Cash $ 33,240 $ 38,469 41,291 Accounts receivable, net 93,477 67,321 52,895 Merchandise Inventory 121,127 90,739 58,644 Prepaid expenses 10,704 10,300 4,363 plant assets, not 299,257 274,037 251,707 Total assets $557,805 $ 480,866 $ 408,900 Liabilities and Equity Accounts payable $141,671 $ 82,079 $ 52,895 Long-tern notes payable secured by mortgages on plant assets 101,721 110,599 90,367 Compon stock, $10 per value 162,500 162,500 162,500 Retined earnings 151.913 125,61 103.138 Total liabilities and equity $557,805 $ 480,866 $408.900 Marshall Company's income statements for the Current Year and 1 Year Ago, follow Tor Year Ended December 31 Sales Coat of goods sold Other operating expenses Interest expense Income tax expense alte Current Yr $725,147 $442.340 224,796 12,327 9,427 KRAR 1 Yr o $572,231 $371,950 144,794 13,161 8,583 SIR Marshall 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 $725,147 $442,340 224,796 12,327 9,427 688,890 $ 36,257 $ 2.23 1 Yr Ago $ 572,231 $371,950 144,774 13,161 8,583 538,468 $ 33,763 $ 2.08 For both the Current Year and 1 Year Ago, compute the following ratios: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: 1 Choose Denominator: 1 11 Debt-To-Equity Ratio Debt-to-equity ratio to 1 Current Year: 1 Year Ago: to 1