Required information [Th e following information applies to the questions displayed below j Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 2017 2016 2015 $ 27,619 31,968 $ 31,987 43,956 45,413 3,590 204,754 $458,942 $395,640 $ 329,700 54,836 96,699 72,461 8,142 248,036 228, 233 77,694 8,894 Liabilities and Equity Accounts payable Long-term notes payable secured by $116,562 64,857 $ 44,391 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 70,678 162,500 162,500 162,500 80,016 3E 87,14488,267 52,131 $458,942 $395,640 329,700 92,736 The company's income statements for the years ended December 31, 2017 and 2016, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income 2017 2016 $596,625 470,812 $ 363,941 184,954 10,143 7,756 $306,028 119,115 10,829 7,062 443,034 $27,778 $ 1.71 566,79462 $ 29,831 Earnings per share $ 1.84 Calculate the company's long-term risk and capital structure positions at the end of 2017 and 2016 by computing the following ratios (2) Debt-to-equity ratio atio Choose Numerator:Choose Denominator - Debt-To-Equity Ratio -Debt-to-equity ratio 2017: 0 to 1 2016