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 2016 2017 2015 $ 26,455 $ 29,710 $ 31,889 75,922 53,054 42,936 92,622 69,407 43,947 8,436 7,799 3.474 193,554 Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by 236,159 218,990 $439,594 $378,960 $315,800 $109,459 $ 64,044 $ 41,269 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 82,644 84,546 162,500 162,500 84,991 67,870 67,698 162,500 44,333 $439,594 $378,960 $ 315,800 The company's income statements for the years ended December 31, 2017 and 2016, follow For Year Ended December 31 2017 2016 Sales $571,472 $ 450,962 Cost of goods sold Other operating expenses $348,598 177,156 $293,125 114,093 Interest expense 9,715 Income taxes 7,429 10,372 6,764 Total costs and expenses 542,898 424,354 Net income $ 28,574 $ 26,608 Earnings per share $ 1.76 S 1.64 Calculate the company's long-term risk and capital structure positions at the end of 2017 and 2016 by computing the following ratios. (1) Debt and equity ratios. 2017: 2016: 2017: 2016: Debt Ratio Choose Numerator: Choose Denominator: Debt Ratio Debt ratio 96 % Equity Ratio Choose Numerator: Choose Denominator: Equity Ratio Equity ratio (2) Debt-to-equity ratio. 2017: 2016: Choose Numerator: Debt-To-Equity Ratio Choose Denominator: Debt-To-Equity Ratio Debt-to-equity ratio to 1 to 1 (3) Times interest earned. Times Interest Earned Choose Denominator: Choose Numerator: 2017: 2016: IF Times Interest Earned Times interest earned times times