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 $ 27,403 32,685 $ 32,705 43,607 48,826 3,745 253, 242 235,942 208,217 $473,935 408,565 337,100 79,422 57,199 104,953 74,073 8,666 8,915 Liabilities and Equity Accounts payable Long-term notes payable secured by $120,370 $ 69,738 $. 43,607 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 73,009 162,500 162,500 162,500 57,984 88,209 93,030 102,856 83,29757:30 $473,935 $408,565 $ 337,100 The company's income statements for the years ended December 31, 2018 and 2017, follow The company's income statements for the years ended December 31, 2018 and 2017, follow For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income 2018 2017 $616,116 $ 486,192 $375,831 190,996 10,474 8,010 $ 316,025 123,007 11,182 7,293 585,311 $ 30,805 $ 1.90 457,507 $ 28,685 Earnings per share Calculate the company's long-term risk and capital structure positions at the end of 2018 and 2017 by computing the following ratios bt Ratio Choose Numerator: Choose Denominator: Debt Ratio Total liabilities Total assets Debt ratio 2018: S 265,356 XS 473,935 56.0 % 2017: 408,565 Equity Ratio Equity Ratio Equity ratio Choose Numerator: Choose Denominator: Total equity Total assets 2018: 473,935 2017: 408.565 Debt-To-Equity Ratio Choose Numerator:Choose Denominator: Total liabilities Debt-To-Equity Ratio Total equity -Debt-to-equity ratio 0 to 1 0 to 1 2018: 2017