Required information Skip to question [The following information applies to the questions displayed below.] Simon Companys year-end balance sheets follow.

At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 33,505 $ 37,613 $ 38,420 Accounts receivable, net 97,107 68,537 51,749 Merchandise inventory 120,885 91,464 57,919 Prepaid expenses 10,790 10,077 4,312 Plant assets, net 299,970 277,013 243,600 Total assets $ 562,257 $ 484,704 $ 396,000 Liabilities and Equity Accounts payable $ 137,202 $ 84,372 $ 52,795 Long-term notes payable secured by mortgages on plant assets 104,647 113,712 85,766 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 157,908 124,120 94,939 Total liabilities and equity $ 562,257 $ 484,704 $ 396,000 The companys income statements for the Current Year and 1 Year Ago, follow.

For Year Ended December 31 Current Yr 1 Yr Ago Sales $ 730,934 $ 576,798 Cost of goods sold $ 445,870 $ 374,919 Other operating expenses 226,590 145,930 Interest expense 12,426 13,266 Income tax expense 9,502 8,652 Total costs and expenses 694,388 542,767 Net income $ 36,546 $ 34,031 Earnings per share $ 2.25 $ 2.09 For both the Current Year and 1 Year Ago, compute the following ratios:

(1) Debt and equity ratios.

Debit Ratio Choose numerator / Choose denominator = Debt Ratio

____________________/_________________= Debit Ratio

Current year: __________ / __________ = %

1 year ago: ___________/____________= %

Equity Ratio

Choose Numerator: / Choose Denominator: = Equity Ratio

________________ / ___________________ = ___%

Current Year: ____________________ / ______________________ = ____%

1 Year Ago: _____________________ / ________________________ = ______%