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Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. The company's income statements for the current year

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Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. The company's income statements for the current year and one year ago, follow. 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

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