requirCU UITTOLIURE [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 $ 31,833 96,970 120, 737 10,251 290, 767 $550,558 $ 37,590 $ 37,993 68,440 50,657 90, 439 56,163 10,266 4,265 267,884 242,522 $ 474,619 $ 391,600 $134, 347 $ 81,013 $ 51,174 104,540 162,500 149,171 $550,558 109,162 87,409 162,500 162,500 121,944 90,517 $ 474,619 $ 391,600 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 $715,725 $436,592 221,875 12,167 9,304 679,938 $ 35,787 1 Yr Ago $ 564,797 $367,118 142,894 12,990 8,472 531,474 $ 33,323 $ 2.20 2.05 For both the Current Year and 1 Year Ago, compute the following ratios: NGmail 13 Saved Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share $436,592 221,875 12,167 9,304 $367, 118 142,894 12,990 8,472 679,938 $ 35,787 $ 2.20 531,474 $ 33,323 $ 2.05 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio Choose Numerator: 1 Choose Denominator: Debt Ratio / Current Year: Debt ratio 1 Year Ago: % % Equity Ratio Choose Numerator: / Choose Denominator: Current Year: 1 Year Ago: = Equity Ratio Equity ratio % / 11 %