Line following information applies to the questions displayed below.) 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 $ 27,938 81,774 101,807 8,819 248, 493 $468,831 $ 32,333 $ 33,017 55,451 44,458 74,771 47,357 8,233 3,632 233, 377 201,736 $ 404,165 $ 330,200 $117,906 $ 68,987 $ 42,715 87,259 162,500 101,166 $468,831 92,028 71,515 162,500 162,500 80,650 53, 470 $ 404,165 $ 330,200 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 $609, 480 $371,783 188,939 10,361 7,923 579,006 $ 30,474 $ 1.88 1 Yr Ago $ 480,956 $312,621 121,682 11,062 7,214 452,579 $ 28,377 $ 1.75 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio Choose Numerator: / Choose Denominator: = Debt Ratio / = Debt ratio Current Year: / % 1 Year Ago: / = % Equity Ratio 1 Choose Numerator: Choose Denominator: 1 Equity Ratio Equity ratio % Current Year: 1 1 Year Ago: 1 = %