Required information

[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		$	25,712			$	30,358		$	30,377
Accounts receivable, net			76,778				52,064			42,156
Merchandise inventory			93,695				69,501			44,905
Prepaid expenses			8,364				8,208			3,513
Plant assets, net			235,644				219,346			192,149
Total assets		$	440,193			$	379,477		$	313,100
Liabilities and Equity
Accounts payable		$	107,416			$	64,773		$	42,156
Long-term notes payable secured by mortgages on plant assets			81,101				89,025			70,579
Common stock, $10 par value			162,500				162,500			162,500
Retained earnings			89,176				63,179			37,865
Total liabilities and equity		$	440,193			$	379,477		$	313,100

The companys income statements for the Current Year and 1 Year Ago, follow.

For Year Ended December 31	Current Yr						1 Yr Ago
Sales				$	572,251					$	451,578
Cost of goods sold	$	349,073					$	293,526
Other operating expenses		177,398						114,249
Interest expense		9,728						10,386
Income tax expense		7,439						6,774
Total costs and expenses					543,638						424,935
Net income				$	28,613					$	26,643
Earnings per share				$	1.76					$	1.64

For both the Current Year and 1 Year Ago, compute the following ratios:

(2) Debt-to-equity ratio.