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$[$The following information applies to the questions displayed below.$]$

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

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

Assets

Cash $ $31,535$ $ $38,742$ $ $38,789$

Accounts receivable, net $94,19666,48350,213$

Merchandise inventory $113,74487,85252,936$

Prepaid expenses $10,6749,6764,184$

Plant assets, net $295,253267,421234,278$

Total assets $ $545,402$ $ $470,174$ $ $380,400$

Liabilities and Equity

Accounts payable $ $138,521$ $ $81,049$ $ $49,711$

Long$-$term notes payable $102,536107,05983,228$

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

Retained earnings $141,845119,56684,961$

Total liabilities and equity $ $545,402$ $ $470,174$ $ $380,400$

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 $ $709,023$ $ $559,507$

Cost of goods sold $ $432,504$ $ $363,680$

Other operating expenses $219,797141,555$

Interest expense $12,05312,869$

Income tax expense $9,2178,393$

Total costs and expenses $673,571526,497$

Net income $ $35,452$ $ $33,010$

Earnings per share $ $2\mathrm{.}18$ $ $2\mathrm{.}03$

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