Current Y 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 $ 26,861 80,998 95,907 8,738 247,372 $459,876 $ 31,398 $ 31,411 56,057 43,609 74,809 45,519 8,076 3,526 226,105 203,035 $ 396, 445 $ 327,100 $114,509 $ 66,329 $ 43,609 89,050 162,500 93,817 $459,876 92,094 70,843 162,500 162,500 75,522 50, 148 $ 396,445 $ 327,100 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 $597,839 $364,682 185,330 10,163 7.772 567,947 $ 29,892 $ 1.84 1 Yr Ago $ 471,770 $306,651 119,358 10,851 7,077 443,937 $ 27.833 $ 1.71 For both the Current Year and 1 Year Ago, compute the following ratios: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: Choose Denominator: Total liabilities 1 Total equity $ 203,5597 = Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 0 to 1 Current Year: 1 Year Ago: ### 1