Required information Part 2 of 3 [The following information applies to the questions displayed before] Simon Company's year-end balance sheets fellow. 10_ At December 31 Current Year 1 Year Ago 2 Years Ago poms Assets /\\ Cash 5 34,303 5 40,235 5 41,953 I 2 032| Accounts receivable, net 93,333 63,334 56,522 ' ' ,2 Merchandise inventory 125,344 94,091 51,412 Prepaid expenses 11,099 10,575 4,663 Plant assets, net 312,494 290,223 263,635 El Total assets 5 534,133 S 503,563 S 423,200 e3oek Liabilities and Equity Accounts payable 5 143,353 3 34,251 S 53,213 Long-term notes payable 110,915 116,973 91,293 i? Common stock, 610 par value 162,500 162,500 162,500 PHnt Retained earnings 162,360 139,334 115,639 Total liabilities and equity 5 534,133 $ 503,563 $ 423:20D [E The company's income statements for the current year and one year age, fellow. References For Year Ended December 31 Current Year 1 Year Ago Sales 5 259,323 S 599,240 Cost of goods sold 6 463,213 5 339,506 Other operating expenses 235,406 151,603 Interest expense 12,909 13,233 Income tax expense 9,372 3,939 Total costs and expenses 221,405 563,336 Net income S 3T,963 $ 35,354 Earnings per share $ 2.34 S 2.13 (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 Compute debt-to-equity ratio for the current year and one year ago. Debt-To-Equity Ratio Numerator: Denominator: Debt-To-Equity Ratio Debt-to-equity ratio Current Year: 0 to 1 1 Year Ago: 0 to 1 (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 Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? Based on debt-to-equity ratio, the company has debt in the current year versus one year ago.