Required Information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 2018 2017 2016 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Li abilities 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 $ 32,912 94, 426 121, 146 10, 920 304, 064 $563, 468 $ 38, 083 68, 685 92, 559 9, 997 276,424 $485, 748 $ 39, 685 51, 876 54, 690 4, 280 242, 469 $393, 000 $144,513 $ 80,450 $ 51, 876 106,991 162,500 149, 464 $563, 468 113, 956 162,500 128, 842 $485, 748 84, 247 162,500 94, 377 $393, 000 The company's income statements for the years ended December 31, 2018 and 2017, follow. 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 2018 $ 732, 508 $ 446, 830 227,077 12, 453 9,523 695, 883 $ 36,625 $ 2.25 2017 $578, 040 $ 375, 726 146, 244 13, 295 8,671 543, 936 $ 34, 104 $ 2.10 Calculate the company's long-term risk and capital structure positions at the end of 2018 and 2017 by computing the following ratios. (1) Debt and equity ratios. Debt Ratio . Choose Denominator: Choose Numerator: Debt Ratio Debt ratio 2018: 2017: Equity Ratio . Choose Denominator: Choose Numerator: Equity Ratio Equity ratio 2018: 2017: (2) Debt-to-equity ratio. Choose Numerator: Debt-To-Equity Ratio . Choose Denominator: Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 O to 1 2018: 2017