Required Informatiorn The following information applies to the questions displayed below Simon Company's year-end balance sheets follow. Assets Cash Accounts receivable, net Nerchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Account8 payable Long-term notes payable secured by $ 31,800 $ 35,625 37,800 9.500 62,500 50,200 112,500 82,500 54,000 5,000 278,500255,000 230,500 $523,000 $445,000 $377,500 10,700 9,375 $129,900 $ 75,250 51,250 mortgages on plant assets Common stock, $10 par value Retained earnings Sotal liabilities and equity 98,500 101,500 83,500 163,500163,500 163,500 204 75079,250 $523,000 $445,000 $377,500 131 100 The company's income statements for the years ended December 31, 2017 and 2016, follow. 2016 Sales Cost of goods sold Other operating expenses Intereat expense Income taxes Total costs and expenses Net income $673,500 $532,000 $411,225 209,550 12,100 9,525 $345,500 134,980 13,300 8,845 642,400 s 31,100 $1.90 502-625 $ 29,375 $1.80 Earnings per share Calculate the company's long-term risk and capital structure positions at the end of 2017 and 2016 by computing the following ratios (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator Choose Denominator:Debt-To-Equity Ratio rato 2017 Oito 1 2016: 0 to 1