Content Questions Saved Simon Company's year-end balance sheets follow. current Yr 1 Yr Ago 2 Yrs Ago 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 $ 27,835 84,832 107,706 9,056 256,936 $486,365 $ 33,542 $ 34,245 59,286 45,198 79,894 50, 111 8,893 3,882 237,665 215,964 $ 419, 280 $ 349,400 $124,738 88,694 162,500 110,433 $486,365 $ 70,858 $ 45,198 98,363 77,990 162,500 162,500 87,559 63,712 $ 419,280 $ 349,400 The company's income statements for the Current Year and 1 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 Yr $632,275 $385,688 196,085 18,749 8,220 600.662 $ 31,613 $ 1.95 1 Yr Ago $ 498,943 $324,313 126,233 11,476 7.484 469.586 $ 29,437 $ 1.81 For both the Current Year and 1 Year Ago, compute the following ratios: 20 W MacBook Pro estions Saved Total costs and expenses Net income Earnings per share 0,004 $ 31,613 $ 1.95 409,bu $ 29,437 $ 1.81 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio Choose Denominator: Choose Numerator: 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: % 20 w MacBook Pro Q % & # 3 $ 4 2 5 CO 6 7 8