Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr1 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 $ 36,165 104,818 131,789 11,879 328, 319 $612,970 $ 43,542 $ 45,356 75,459 58, 126 97,758 61, 267 11,430 4,746 300,233 275,305 $ 528,422 $ 444,800 $152,630 $ 89,303 $ 59,301 115, 238 162,500 182,602 $612,970 123,968 99,284 162,500 162,500 152,651 123,715 $ 528,422 $ 444,800 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 Yr $ 796,861 $486,085 247,027 13,547 10,359 757,018 $ 39,843 1 Yr Ago $ 628,822 $408, 734 159,092 14,463 9,432 591,721 $ 37,101 $ 2.45 $ 2.28 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio Choose Denominator: Choose Numerator: = Debt Ratio Debt ratio Current Year: 1 Year Ago: Equity Ratio 1 Choose Denominator: Choose Numerator: Equity Ratio Equity ratio Current Year: 1 Year Ago