97,907 11,114 296,098 4,756 278,667 At December 31 Assets Simon Company's year-end Dalance Sheets Tow Current Year 1 Year Ago 2 Years Ago Cash $ 34,800 $ 41,093 $ 43,679 Accounts receivable, net 99,832 72,639 58,821 Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity 131,989 11,092 324,154 63,277 $ 601,867 Accounts payable $ 151,364 $ 85,055 Long-term notes payable 121,722 Common stock, $10 par value Retained earnings 162,500 149,574 Total liabilities and equity $ 601,867 $ 518,851 110,888 162,500 177,115 $ 518,851 $ 441,200 $ 57,074 100,430 162,500 121, 196 $ 441,200 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 Earnings per share Current Year $ 782,427 $ 477,280 242,552 13,301 10,172 743,305 $ 39,122 $ 2.41 1 Year Ago $ 401,331 156,211 14,2011 9,261 $ 617,433 581,004 $ 36,429 $2.24 (2-3) 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.