Check my work 6 Required information 14.28 points [The following information applies to the questions displayed below. Simon Company's year-end balance sheets follow. eBook 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 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity Current Yr 1 Yr Ago 2 Yrs Ago $ 31,482 $ 36,800 $ 38,716 90, 332 63,111 50, 088 114,722 83,397 54,982 9,936 9,563 4,344 287, 121 267, 123 239, 070 $533,593 $ 459,994 $ 387,200 Hint $135,522 $ 75,407 $ 52,133 Print 100, 315 162,500 135,256 $533,593 107,915 87,283 162,500 162,500 114,172 85, 284 459,994 $ 387,200 References The company's income statements for the Current Year and 1 Year Ago, follow. Current Yr $693,671 $423, 139 215,038 11,792 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 9, 018 1 Yr Ago $ 547,393 $355,805 138,490 12,590 8,211 515,096 $ 32,297 $ 1.99 658,987 $ 34,684 $ 2.13 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Choose Numerator: Debt Ratio 1 Choose Denominator: Debt Ratio Debt ratio % Current Year: 1 Year Ago: % Equity Ratio 1 Choose Denominator: Choose Numerator: Equity Ratio Equity ratio % Current Year: 1 Year Ago: %