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Simon Company$$s year$-$end balance sheets follow.

At December $31$ Current Year $1$ Year Ago $2$ Years Ago

Assets

Cash $ $34,483$ $ $41,122$ $ $41,576$

Accounts receivable, net $102,97271,96455,983$

Merchandise inventory $128,19992,27158,453$

Prepaid expenses $11,55410,3674,665$

Plant assets, net $313,161293,215255,123$

Total assets $ $590,369$ $ $508,939$ $ $415,800$

Liabilities and Equity

Accounts payable $ $145,532$ $ $87,731$ $ $54,337$

Long$-$term notes payable $113,209119,39793,730$

Common stock, $$10$ par value $162,500162,500162,500$

Retained earnings $169,128139,311105,233$

Total liabilities and equity $ $590,369$ $ $508,939$ $ $415,800$

The company$$s income statements for the current year and one year ago, follow.

For Year Ended December $31$ Current Year $1$ Year Ago

Sales $ $767,480$ $ $605,637$

Cost of goods sold $ $468,163$ $ $393,664$

Other operating expenses $237,919153,226$

Interest expense $13,04713,930$

Income tax expense $9,9779,085$

Total costs and expenses $729,106569,905$

Net income $ $38,374$ $ $35,732$

Earnings per share $ $2\mathrm{.}36$ $ $2\mathrm{.}20$

$(1)$ Compute debt and equity ratio for the current year and one year ago.