Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current Yr1 Yr Ago 2 Yrs Ago 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 $ 25,382 74,295 91,580 8,174 226,521 $ 425,952 $ 29,964 $ 30,900 51,922 39,988 67,932 43,887 7,634 3,400 209,748 187,825 $ 367,200 $ 306,000 $107,123 $ 63,298 $ 41,200 79,278 162,500 77,051 $425,952 86,145 66,950 162,500 162,500 55,257 35, 350 $367,200 $ 306,000 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Current Yr $553,738 $337,780 171,659 9,414 7,199 526,052 $ 27,686 1 Yr Ago $ 436,968 $ 284,029 110,553 10,050 6,555 411, 187 $ 25,781 Earnings per share $ 1.70 $ 1.59 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio Choose Denominator: Choose Numerator: = Debt Ratio Debt ratio Current Year: 1 Year Ago: Equity Ratio 1 Choose Denominator: Choose Numerator: Equity Ratio Equity ratio Current Year: 1 Year Ago