Requtred Information The following information applies to the questions deployed below Simon Company's year end balance sheets follow 200 December Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net $ 26,377 $ 30,530 $ 30,561 75,700 52.899 40748 56,120 67.805 43,835 8.411 7,697 3464 190,092 221697 218,918 Total assets $438,305 $377,349 $308.700 Labiries and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock. $10 par value Retained earnings $ 1,321 $ 65,772 $ 41156 30,753 65,167 67,540 102,500 162.500 162,500 83.731 64.410 37.504 Total liabilities and equity $438.305 $377,949 $308700 The company's income statements for the years onded December 31 2015 and 2014 Yollow 2015 2014 $ 449,640 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes $347,576 176,637 9,687 7.407 $569797 $292.260 113,759 10.342 6,745 Total costs and expenses 541,307 423.12 $ 26.52 Net income $ 28,490 Earnings per share S 175 SO Calculate the company long-term and cool trutture positive end of 2015 ond 2014 by computing the following Det on our (1) Debt and equity ratios. Debt Ratio 1 Choose Denominator Choose Numerator: Debt Ratio Debt ratio % 2015: 2014: % Equity Ratio Choose Denominator: Choose Numerator: Equity Ratio Equity ratio 2015: 9 2014: % (2)Debt-to-equity ratio. Debt-To-Equity Ratio 1 Choose Denominator: Choose Numerator: Debt-To-Equity Ratio Debt-to-equity ratio to 1 11 2015: to 1 2014