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Required Information [The following Information applles to the questions displayed below.] SImon Company's year-end balance sheets follow. The company's Income statements for the current year

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Required Information [The following Information applles to the questions displayed below.] SImon Company's year-end balance sheets follow. The company's Income statements for the current year and one year ago, follow. For both the current year and one year ago, compute the following ratios: (1) Compute debt and equity ratio for the current year and one year ago

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