Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 35,093 $ 39,790 $ 41,034 Accounts receivable, net 103,745 71,786 55,276 Merchandise inventory 125, 325 95,809 61,283 Prepaid expenses 11,301 10,768 4,700 Plant assets, net 319, 338 294,607 265, 007 Total assets $594,802 $ 512,760 $427,300 Liabilities and Equity Accounts payable $146,625 $ 84,923 $ 56,404 Long-term notes payable secured by mortgages on plant assets 110,705 117,935 93,489 Common stock, $ie par value 162,500 162,500 162,500 Retained earnings 174,972 147,402 114,907 Total liabilities and equity $594,802 $ 512,760 $427,300 The company's income statements for the Current Year and 1 Year Ago, follow, For Year Ended December 31 Current Yr 1 Yr Ago Sales $773,243 $610, 184 Cost of goods sold $471,678 $396,620 Other operating expenses 239,705 154,377 Interest expense 13,145 14,034 Income tax expense 10,052 9, 153 Total costs and expenses 734,588 574, 184 Net income $ 38,663 $ 36,000 Earnings per share $ 2.38 $ 2.22 For both the Current Year and 1 Year Ago, compute the following ratios: For both the Current Year and 1 Year Ago, compute the following ratios: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: 1 Choose Denominator: Total liabilities 1 Total equity / Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 11 Current Year: 1 Year Ago: = o to 1