ces Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Current Yr 1 Yr Ago 2 Yrs Ago Cash Accounts receivable, net Merchandise inventory Prepaid expenses $ 34,816 $ 40,298 $ 41,553 98,930 71,220 54,861 124,385 90,421 57,264 10,662 10,264 4,527 Plant assets, net 309,743 286,535 253,295 Total assets $578,536 $498,738 $ 411,500 Liabilities and Equity Accounts payable $144,055 $ 85,130 $ 55,948 Long-term notes payable secured by mortgages on plant assets. 109,852 111,268 90,942 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 162,129 139,840 102,110 Total liabilities and equity $578,536 $498,738 $411,500 For Year Ended December 31 The company's income statements for the Current Year and 1 Year Ago, follow. Sales 1 Yr Ago $593,498 Current Yr $752,097 Cost of goods sold $458,779 $385,774 Other operating expenses 233,150 150,155 Interest expense 12,786 13,650 Income tax expense 9,777 8,902 Total costs and expenses 714,492 Net income $ 37,605 558,481 $ 35,017 Earnings per share $ 2.31 $ 2.15 For both the Current Year and 1 Year Ago, compute the following ratios: (2) Debt-to-equity ratio. (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: 1 Choose Denominator:: Debt-To-Equity Ratio Current Year: 1 Year Ago: Total liabilities Total equity = Debt-to-equity ratio 1 = = 0 to 1 0 to 1