nework 8 Current Y 1 Yr Ago 2 Yrs Ago Part 1 of 3 At December 11 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 Connon stock, $10 par value Retained earnings Total liabilities and equity $ 31,800 $ 35,625 $ 37,800 89,500 62,5ee Se, 200 112,500 82,500 54,00 10,700 9,375 5,600 278,500 255,000 230, 500 $523,000 $445,200 $ 377,500 714 points Skipped $129,900 $ 75,250 $ 51,250 98. See 101, see 83,500 163, see 163, see 163,5ee 131, 10e 164,750 79,250 $523,000 $445,000 $ 377,500 eBook The company's Income statements for the current year and 1 year ago, follow. For Year Ended December 31 Current Yr 1 yr ago Sales 5673,5ee $ 512,000 Cost of goods sold $411,225 $345,500 other operating expenses 200.550 134,980 Interest expense 12,100 1), 300 Income tax expense 9,525 8845 Total costs and expenses 642,400 Not income $ 31,100 $ 29,375 Earnings per share 5 $ For both the Current Year and 1 Your Ago. compute the following ratios (1) Debt and equity ratios. Choose Numerator Debt Ratio Choose Denominator Current Year 1 year ago Debt Ratio Debt ratio Choose Numerator Equitatio Choose Denominator Current Year 1 Year Ago Equity Ratio Equity