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Required information [The 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 $ 29, 132 82,761 104,056 9,381 263,540 $488,870 $ 33,378 $ 35,464 57,822 46,358 78,746 48,873 8,850 3,863 242,644 216,642 $ 421,440 $ 351,200 $124,163 $ 71,223 $ 46,822 92,827 162,500 109,380 $488,870 94,023 77,615 162,500 162,500 93,694 64,263 $ 421,440 $ 351,200 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 Current Yr $635,531 $387,674 197,015 1 Yr Ago $ 501,514 $325,984 126,883 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 Current Yr $635,531 $387,674 197,015 10,804 8,262 603,755 $ 31,776 $ 1.96 1 Yr Ago $501,514 $325,984 126,883 11,535 7,523 471, 925 $ 29,589 Earnings per share $ 1.82 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio 1 Choose Denominator: Choose Numerator: Debt Ratio / II Debt ratio Current Year: / = % 1 Year Ago: / II % Equity Ratio (1) Debt and equity ratios. Debt Ratio Choose Numerator: Choose Denominator: Debt Ratio II Debt ratio Current Year: II % 1 Year Ago: = % Equity Ratio Choose Denominator: Choose Numerator: Equity Ratio Equity ratio = Current Year: = % 1 Year Ago: Il %