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 Current Yr 1 Yr Ago 2 Yrs Ago $ 31,800 $ 35,625 $ 37,800 89,500 62,500 50,200 112,500 82,500 54,000 10,700 9,375 5,000 278,500 255,000 230,500 $523,000 $445,000 $377,500 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 $129,900 $ 75,250 $ 51,250 98,500 101,500 83,500 163,500 163,500 163,500 131,100 104,750 79,250 $523,000 $445,000 $377,500 The company's income statements for the current year and 1 year ago, follow. Current Yr For Year Ended December 31 Sales Cost of goods sold $411,225 Other operating expenses 209,550 Interest expense 12,100 9,525 Total costs and expenses Net income Income tax expense $673,500 642,400 $ 31,100 1 Yr Ago $345,500 134,980 13,300 8,845 $532,000 502,625 $ 29,375 $ 1.90 $ 1.80 Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios: (2) Debt-to-equity ratio Current Year: 1 Year Ago: Debt To Equity Ratio Choose Numerator: 1 Total liabilities Choose Denominator: Total assets L Debt-To-Equity Ratio Debt-to-equity ration to 1 to 1