Required information [The following information applies to the questions displayed belowj Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 2017 2016 2015 $ 27,619 31,968 $ 31,987 43,956 45,413 3,590 204,754 $458,942 $395,640 $ 329,700 77,694 54, 836 96,699 72,461 8,142 248,036 228, 233 8,894 Liabilities and Equity Accounts payable Long-term notes payable secured by $116,562 $ 64,85744,391 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 70,678 162,50 162,500162,500 52,131 $458,942 $395,640 $ 329,700 87,144 88,267 92,736 80,016 The company's income statements for the years ended December 31, 2017 and 2016, follow For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income 2017 2016 $596,625 $ 470,812 $363,941 184,954 10,143 7,756 $306,028 119,115 10,829 7,062 566,794 $ 29,831 $ 1.84 443,034 $27,778 $ 1.71 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. (1) Debt and equity ratios Debt Ratio = | Debt ratio Choose Numerator: Choose Denominator: 2017: 2016: Equity Ratio Choose Numerator: Choose Denominator: -Equity Ratio Equity ratio 2017: 2016