Required information Exercise 13-9 Analyzing risk and capital structure LO P3 [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yes Ago At December 31 Assets Cash Accounts receivable, not Merchandise inventory Prepaid expenses Plant assets, net Total asset 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 $ 33,938 102,378 128.721 11,264 310, 661 $586,962 $ 40, 480 $ 40,927 70,132 55,660 91,738 58,116 10,945 4,502 292, 707 254, 195 $ 506,002 $ 413,400 $144,692 $ 88,080 $ 55,660 110,349 162,500 169, 421 $586,962 116, 380 89.534 162,500 162,500 139,042 105, 706 $ 506,002 $ 413,400 The company's income statements for the Current Year and 1 Year Ago follow. For Year Ended December 31 Current Yr 1 yr ago Sales $763,051 $ 602,142 Cout of goods sold $465,461 $391,392 Other operating expenses 236,546 152,342 Interest expense 12,972 13,849 Income tax expense 9,920 9.032 Total costs and expenses 724,899 566,615 Net income $ 38,152 $ 35, 527 Earnings per share $ 2.35 $ 2.19 For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-9 Part 1 $586,962 $ 506,002 5413, 400 3 Total liabilities and equity The company's income statements for the Current Year and 1 Year Ago, follow. art 1 of 3 2 For Year Ended December 31 Sales cost of goods sold Other operating expenses Interest expenne Income tax expense Total costs and expenses Net Income Earnings per share Current Ye $763,051 $465,461 236,546 12,972 9,920 724,899 $ 38,152 $ 2.35 1 yr ago $ 602, 142 $391,392 152,342 12,849 9,032 566,615 $ 35,527 $ 2.19 eBook For both the Current Year and 1 Year Ago, compute the following ratios: Hint Exercise 13-9 Part 1 Print (1) Debt and equity ratios. References Debt Ratio Choose Numerator: Choose Denominator: Debt Ratio Debt ratio % Current Year 1 Year Ago: % Equity Ratio Choose Numeratori Choose Denominator Equity Ratio Equity ratio % Current Year 1 Year Ago: M