Required Information (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses plant assets, net Total assets Liabilities and Equity Accounts payable Long-ter notes payable secured by mortgages on plant assets Common stock, $le par value Retained earnings Total liabilities and equity $ 33,944 $ 40,888 $ 43,017 99,374 68,734 55,197 124,943 94,534 62,387 11,042 10,415 4,780 311,829 286,413 268,789 $581,132 $500,976 $426,600 $144,702 $ 86,358 $ 56,232 111,438 115,224 94,146 162,500 162,500 162,500 162,492 136,894 113,122 $581,132 $509,976 $426,000 The company's income statements for the years ended December 31, 2017 and 2016, follow. $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 2017 $755,472 $460,838 234,196 12,843 9.821 717,698 $ 37,774 $ 2.32 $387,505 150,829 13,712 8,942 560,988 35,173 $ SAN 2.16 Calculate the company's long-term risk and capital structure positions at the end of 2017 and 2016 by computing the following ratios (2) Debt-to-equity ratio 124,94394,53462,307 11,842 10,415 4,789 311 829 1286,413 268,789 $581,132 $589,976 S 426,000 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 $144,702 $ 86,358 $ 56,232 111,438 162,500 162,492 115, 224 162,500 136,894 $500,976 94,146 162,500 113, 122 $426,000 581,132 $500 The company's income statements for the years ended December 31, 2017 and 2016, follow. 2017 2016 $755,472 $ 596.16 $460.838 234.196 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income 12,843 $387,505 150.829 13,712 8.942 560,988 35.173 Earnings per share Calculate the company's long-term risk and capital structure positions at the end of 2017 and 2016 by computing the following ratios. (2) Debt-to-equity ratio Choose Numerator: Debt To Equity Ratio Choose Denominator Debt To Equity Ratio Debt-to-equity ratio