Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 3B Compute debt and equity ratio for the current year and one year ago. Debt Ratio Numerator: Denominator: Debt Ratio Total liabilities Total assets = Debt ratio Current Year: $ 237,287 $ 536, 131 44.3 1 Year Ago: $ 182,285 $ 462, 182 39.4 Equity Ratio Numerator: Denominator: = Equity Ratio Total equity Total assets Equity ratio Current Year: $ 298,844 $ 536, 131 = 55.7 % 1 Year Ago: $ 279,897 $ 462, 182 60.6 Required 2 >Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 2 of 2 At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 32, 264 $ 37, 344 $ 36, 635 Accounts receivable, net 93 , 512 65, 353 49, 345 Merchandise inventory 114, 115 84 , 649 54, 692 Prepaid expenses 9 , 983 9 , 512 4, 071 Plant assets, net 286 , 257 265, 324 232, 857 Total assets $ 536, 131 $ 462, 182 $ 377, 600 Book Liabilities and Equity $ 137, 502 $ 78, 109 $ 49, 843 Hint Accounts payable Long-term notes payable 99 , 785 104, 176 82, 615 Common stock, $10 par value 162, 500 Print 163, 500 163, 500 Retained earnings 135 , 344 117, 397 81, 642 rences Total liabilities and equity $ 536, 131 $ 462, 182 $ 377, 600 The company's income statements for the current year and one year ago, follow. For Year Ended December 31 Current Year 1 Year Ago Sales $ 696, 970 $ 549,997 Cost of goods sold $ 425, 152 $ 357, 498 Other operating expenses 216, 061 139, 149 Interest expense 11 , 848 12, 650 Income tax expense 9 , 061 8, 250 Total costs and expenses 662, 122 517, 547 Net income $ 34, 848 $ 32, 450 Earnings per share $ 2. 14 $ 2.00