! Required information (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 26, 387 75,697 97,136 8,584 248,557 $456, 361 $ 31,788 $ 32,778 56,180 44, 133 74,237 47, 476 8,096 3,499 223, 114 196,714 $ 393, 415 $ 324,600 $110,225 $ 65,157 $ 43,276 86,654 162,500 96,982 $456,361 92,295 70, 302 162,500 162,500 73,463 48,522 $ 393,415 $ 324,600 The company's income statements for the Current Year and 1 Year Ago, follow. 1 Yr Ago $ 468,164 $304, 307 118,445 10,768 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $593,269 $361,894 183,913 10,086 7,712 563,605 $ 29,664 $ 1.83 7,022 440,542 $ 27,622 $ 1.70 For both the Current Year and 1 Year Ago, compute the following ratios: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: 1 Choose Denominator: = Debt-To-Equity Ratio Debt-to-equity ratio to 1 = Current Year: 1 Year Ago: = to 1