Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 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 $ 33,191 92,387 123,345 10,794 297,270 $556,987 $ 37,645 $ 39,209 66,550 52,818 86,165 59,718 9,983 4,446 279,818 252,109 $ 480,161 $ 408,300 $138,690 $ 82,770 $ 53,896 106,808 162,500 148,989 $556,987 111,5419 1,137 162,500 162,500 123,350 100,767 $ 480,161 $ 408,300 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 $724,083 $441,691 224,466 12,309 9,413 687,879 $ 36,204 $ 2.23 1 Yr Ago $ 571,392 $371,405 144,562 13,142 8,571 537,680 $ 33,712 $ 2.07 For both the Current Year and 1 Year Ago, compute the following ratios: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: 7 Choose Denominator: - = Current Year: 1 Year Ago: Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 0 to 1 1 =