Required information Exercise 13-9 (Algo) Analyzing risk and capital structure LO P3 (Alternate Version] [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Current Year 1 Year Ago 2 Years Ago $ 30,238 $ 30,571 $ 26,122 74,974 95,190 8,249 225,315 $ 429,850 80,812 162,500 $ 110,244 Long-term notes payable. Common stock, $10 par value Retained earnings Total liabilities and equity 76,294 $ 429,850 51,360 69,239 7,704 212,019 $ 370,560 $ 62,625 86,933 162,500 58,502 $ 370,560 d one year ago. fo 40,354 43,850 3,397 190,628 $ 308,800 $ 41,577 68,927 162,500 35,796 $ 308,800 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 Total costs and expenses Net income Earnings per share Current Year $ 558,805 $ 340,871 1 Year Ago $ 440,966 173,230 9,500 7,264 530,865 $ 27,940 $ 1.72 $ 286,628 111,564 10,142 6,614 414,948 $ 26,018 $ 1.60 Exercise 13-9 (Algo) Part 2 [Alternate Version] (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 2B