Required Informatlon The following information applies to the questions displayed below Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 2817 2816 2815 33,489 $ 39,833 39,459 53,696 124,179 91,211 58,931 4, 655 299, 355 288,885 254,159 $566, 253 488,149 $ 418,98e 98,766 66,974 18,544 1,846 Liabilities and Equity Accounts payable Long-term notes payable secured by $148,997 $83,322 53,154 mortgages on plant assets Common stock, $18 par value Retained earnings Total liabilities and equity 92,625 162 , see 162 , 5ee 162,see 158,438 13,e53 182,621 $566, 253 $488,149 $ 418,98e 184, 326 112,274 The company's Income statements for the years ended December 31, 2017 and 2016, follow. For Year Ended December 31 Sales Cost of goods sold oth Interest expense Income taxes Total costs and expenses Net income 2817 2816 $736,129 58e,897 $449,939 228,288 12,514 9,578 $377,583 146,967 13,361 8,713 er operating expenses 699, 323 $36,886 $2.26 546,624 $ 34,273 $ 2.11 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 ratlos. (1) Debt and equity ratios. Choose Numerator Choose Denominator - Debt Ratio -Debt ratio 2017 2016 Equity Ratio Choose Numerator: Choose Denominator - Equity Rat -Equity ratio 2017 2016 (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator Choose Denominator: Debt-To-Equity Ratio -Debt-to-equity ratio 2017 0 to 1 2016 0 to 1 (3) Times interest earned. Times Interest Earned Choose Numerator l Choose Denominator: Times Interest Earned Times interest earned 2017 times 2016 times