Required information The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 3 Current YS 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 $ 32,457 94,070 115,910 10,766 296,915 $550, 118 $ 37,939 $ 39,125 65,066 53,731 89,489 54,435 10,258 4,391 271,488 243,518 $ 474,240 $ 395,200 $ 136,979 $ 77, 742 $ 52,688 101,354 162,500 149,285 $550, 118 109,075 85,592 162,500 162,500 124,923 94,420 $ 474,240 $ 395,200 The company's income statements for the Current Year and 1 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 YE $715,153 $436,243 221,697 12,158 9,297 679,395 $ 35,758 1 Yr Ago $ 564,346 $366,825 142,780 12,980 8,465 531,050 $ 33,296 S 2.20 2.05 E22 8465 Total costs and expenses Net income Earnings per share 679,395 $ 35,758 531 050 $ 33,296 2 20 $ 205 For both the Current Year and 1 Year Ago, compute the following ratios: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: Choose Denominator: HI II Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 Current Year: IE 1 Year Ago: O to 1