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 secured by 2017 2016 2015 $ 33,459 40,707 42,836 55,994 60,236 4,666 311,733 286,903 260,468 $578,676 $498,859 $424,200 97,964 124,415 11,105 70,539 90,443 10,267 $141,209 85,150 56,554 mortgages onplant assets Common stock, Retained earnings Total liabilities and equity 91,873 162,500 162,500 162,500 165,088 136,471 113,273 $578,676 $498,859 $424,200 109,879114,738 $10 par value The company's income statements for the years ended December 31, 2017 and 2016, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income 2017 2016 $752,279 593,642 $458,890 233,206 12,789 9,780 $385,867 150,191 13,654 8,905 714,665 $ 37,614 $2.31 558,617 $ 35,025 $2.16 Earnings per share Calculate the company's long-term risk and capital structure positions at the end of 2017 and 2016 by computing the following ratios (1) Debt and equity ratios Debt Ratio Debt Ratico Debt ratio Choose Numerator: Choose Denominator: 2017 2016: Equity Ratio Equity Ratio Equity ratio Choose Numerator: Choose Denominator: 2017 2016 2) Debt-to-equity ratio Debt-To-Equity Ratio Choose Numerator:Choose Denominator: - Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 0 to 1 2017: 2016: (3) Times interest earned. Times Interest Earned Choose Numerator: Choose Denominator: Times Interest Earned Times interest earned 2017: times 2016 times