e c 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 33,347 $ 39,370 41,441 97,61768,897 55,808 117,875 88,338 59,441 10,63210,028 4,697 305,739 280,617 257,213 $565,210 $487,250 $418,600 $142,145 $ 82,345 $55,808 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 107,322 113,188 93,436 162,500 162,500 162,580 153, 243 129,217 196, 856 $565,210 $487,250 $418,600 The company's income statements for the years ended December 31, 2017 and 2016, follow. For Year Ended December 31 20172, 376 96 2016 $579,828 $734, 773 Sales Cost of goods solod Other operating expenses Interest expense Income taxes Total costs and expenses Net income $376,888 146,696 13,336 8,697 $448,212 227,780 12,491 545,617 34,211 698,035 36,738 $ 2.26 Earnings per share Calculate the company's long-term risk and capital structure positions at the end of 2017 and 2016 by computis followina ratios