Current Yr 1 Yr Ago 2 Yes 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 $ 29, 264 83,136 103,472 9,611 265,695 $491,088 $ 33,529 $ 33,543 59,269 45,185 78,320 51,089 8,713 3,765 243,521 215, 718 $ 423,352 $ 349,300 $125,949 $ 70,831 $ 45,647 94,171 162,500 108,468 $491,088 98,345 77,967 162,500 162,500 91,676 63,186 $ 423,352 $ 349,300 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 5638,414 $389,433 197,908 10,853 8,299 606,493 $ 31,921 1 Yr Ago $ 503,789 $327,463 127,459 11,587 7,557 474,066 $ 29,723 $ 1.96 $ 1.83 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 Total equity 11 Debt-To-Equity Ratio Debt-to-equity ratio O to 1 Current Year: 1 Year Ago: 1 Oto 1