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Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago $ 31,649 94,508 117,661 10,604 287,422 $541,844 $ 36,248 $ 38,536 65,395 52,430 87,279 55, 274 9,711 4,500 268,474 246, 460 $ 467, 107 $ 397,200 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 $133,570 $ 81,309 $ 51,906 103,904 162,500 141,870 $541,844 105,286 87, 781 162,500 162,500 118,012 95,013 $ 467,107 $ 397,200 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 $704,397 $429,682 218, 363 11,975 9,157 669, 177 $ 35, 220 $ 2.17 1 Yr Ago $ 555,857 $361, 307 140,632 12,785 8,338 523,062 $ 32,795 $ 2.02 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Choose Numerator: Debt Ratio 1 Choose Denominator: 1 Current assets Debt Ratio Current liabilities = Debt ratio / Current Year: Il % 1 Year Ago: = % Equity Ratio 1 Choose Denominator: Choose Numerator: Equity Ratio Equity ratio / 11 Current Year: = % 1 Year Ago: II %