Required information [The following information applies to the questions displayed below.] Simon Companys year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 28,477 $ 32,957 $ 33,987 Accounts receivable, net 81,716 58,251 45,316 Merchandise inventory 101,715 76,975 49,236 Prepaid expenses 9,170 8,824 3,852 Plant assets, net 256,796 234,953 210,909 Total assets $ 477,874 $ 411,960 $ 343,300 Liabilities and Equity Accounts payable $ 120,181 $ 70,317 $ 46,222 Long-term notes payable secured by mortgages on plant assets 88,044 93,803 74,352 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 107,149 85,340 60,226 Total liabilities and equity $ 477,874 $ 411,960 $ 343,300 The companys income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Current Yr 1 Yr Ago Sales $ 621,236 $ 490,232 Cost of goods sold $ 378,954 $ 318,651 Other operating expenses 192,583 124,029 Interest expense 10,561 11,275 Income tax expense 8,076 7,353 Total costs and expenses 590,174 461,308 Net income $ 31,062 $ 28,924 Earnings per share $ 1.91 $ 1.78 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Next Visit question mapQuestion 9 linked to 10 and 11 of 15 Total 9 10 11 of 15 Prev