Required Information The following Information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2015 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 33,944 $ 40,880 $ 43,017 99.374 68,734 55,197 124,943 94.534 62,387 11,042 10,415 4.789 311,829 286,413 260,789 $581,132 5500,976 $ 426,000 $144,702 $ 86,358 $ 56,232 111.438 115, 224 94.146 162,500 162,580 162,500 162, 492 136,894 113, 122 $581,132 $500,976 $426,000 The company's income statements for the years ended December 31, 2017 and 2016, follow 2017 $755,472 For Year Ended Decembe Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income Earnings per share $460,838 234.196 12.843 9.821 2016 $ 596.161 $387,505 150,829 13,712 8,942 560,988 25.173 717.698 $ 37.774 $ 2.32 Calculate the company's long term risk and capital structure positions at the end of 2017 and 2016 by computing the Tollowing ratios (1) Debt and equity ratios mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 111,438 115,224 162,500 162,509 162,492 136,894 5581,132 $520,976 94,146 162,500 113,122 $ 426,000 The company's Income statements for the years ended December 31, 2017 and 2016, follow. $755.472 $596,161 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income Earnings per share 5460,838 234, 196 12.843 9.821 5387. Ses 150,829 13.712 717,698 $37,774 560,988 535.173 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 Debt Ratio Choose Numerator: Choose Denominator: Debt Ratio Debt ratio Louity Ratio Choose Denominator Choose Numerator Equity Ratio Equity ratio 2017: 2016