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Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. The company's income statements for the current year and one year ago, follow. (1) Compute debt and equity ratio for the current year and one year ago. Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. The company's income statements for the current year and one year ago, follow. 2-a) Compute debt-to-equity ratio for the current year and one year ago. -b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago