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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 30,744 89,105 112,032 9,803 269, 180 $510,864 $ 36,289 $ 35,970 61,656 47, 475 80,659 53,677 9,526 4,118 252,270 225, 760 $ 440, 400 $ 367,000 $129,749 97,963 162,500 120,652 $510,864 $ 73,683 $ 47, 475 104,331 78,674 162,500 162,500 99,886 78,351 $ 440,400 $ 367,000 The company's income statements for the current year and one year ago, follow. For Year Ended December 31 Current Yr 1 yr ago Sales $664,123 $ 524, 076 Cost of goods sold $405, 115 $340,649 Other operating expenses 205,878 132,591 Interest expense 11,290 12,054 Income tax expense 8,634 7,861 Total costs and expenses 630,917 493, 155 Net income $ 33,206 $ 30,921 Earnings per share $ 2.04 $ 1.90 For both the current year and one year ago, compute the following ratios: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: 1 Choose Denominator = Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 Current Year: 1 1 Year Ago: 1 = 0 to 1