Required Information The following Information applies to the questions displayed below.) Simon Company's year-end balance sheets follow Current Yr 1 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, 510 par value Retained earnings Total liabilities and equity $ 31, e98 91,933 115,589 10,115 278,345 $527,680 $ 35,987 S 37,486 62,341 48,092 83,220 52,783 9,542 4,165 263,289 232,544 $ 454,379 5 374,900 5132,555 $ 75,254 S 48, 497 96, 118 162,500 135,992 5527,00 104,507 82,853 162,500 162,500 112,118 81,050 5454,379 5 374,900 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 Earnings per Share Current 5685,204 $417,974 212,413 11,648 8,998 650,983 $ 34,261 $ 2.11 1 YAO $540, 711 $351,462 136,800 12,436 B 111 508,109 $ 31,902 1.96 For both the current Year and 1 Year Ago, compute the following ratios (2) Debt-to-equity ratio. Deblo y Ratio Choose Numerator Choose Denominator Debt To Equity Ratio Debt-to-equity ratio to 1 Current Year 1 Year Ago: - to 1