! Required information [The following information applies to the questions displayed below.] 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 Liabilities and Equity Accounts payable Current Year 1 Year Ago 2 Years Ago $ 29,614 51,316 $ 24,838 70,548 88,700 8,159 228,735 78,353 67,139 7,697 207,148 $ 362,914 $ 420,980 $ 104,824 $ 61,946 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity 83,470 162,500 54,998 162,500 75,303 $ 420,980 $ 362,914 $ 30,551 39,920 44,698 3,429 190,002 $ 308,600 $ 39,920 68,883 162,500 37,297 $ 308,600 The company's income statements for the current year and one year ago, follow. 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 Year $ 547,274 $ 333,837 169,655 9,304 7,115 519,911 $ 27,363 $ 1.68 1 Year Ago $ 431,868 $ 280,714 109,263 9,933 6,478 406,388 $ 25,480 $ 1.57 (2-a) Compute debt-to-equity ratio for the current year and one year ago. (2-b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? Complete this question by entering your answers in the tabs below. Required 2A Required 2B Compute debt-to-equity ratio for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Debt-To-Equity Ratio Denominator: Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 0 to 1