of 3 Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash ed aces 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 Current Year 1 Year Ago 2 Years Ago $ 35,387 103,600 130,257 11,741 324,861 $ 605,846 $ 43,036 72,388 99,521 10,858 296,478 $ 522,281 $ 86,500 122,527 162,500 150,754 $ 149,347 116,177 162,500 177,822 $ 605,846 $ 522,281 $ 41,398 56,888 61,803 4,741 261,870 $ 426,700 $ 55,761 92,415 162,500 116,024 $ 426,700 The company's income statements for the current year and one year ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Current Year $787,600 $ 480,436 244,156 13,389 10,239 1 Year Ago $ 621,514 $ 403,984 157,243 14,295 Total costs and expenses Net income Earnings per share 9,323 748,220 $ 39,300 $2.42 584,845 $ 36,669 $2.26 (2-a) Compute debt-to-equity ratio for the current year and one year ago. (2-b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? Complete this question by entering your answers in the tabs below. Required 2A Required 28 Compute debt-to-equity ratio for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Debt-To-Equity Ratio Denominator: Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 0 to 1