Simon Company$$s year$-$end balance sheets follow.

At December $31$ Current Year $1$ Year Ago $2$ Years Ago

Assets

Cash $ $35,251$ $ $43,330$ $ $43,369$

Accounts receivable, net $106,38272,11059,578$

Merchandise inventory $135,08096,27061,578$

Prepaid expenses $11,70310,9284,965$

Plant assets, net $327,544308,362273,010$

Total assets $ $615,960$ $ $531,000$ $ $442,500$

Liabilities and Equity

Accounts payable $ $148,773$ $ $87,944$ $ $58,410$

Long$-$term notes payable $112,326123,35197,793$

Common stock, $$10$ par value $162,500162,500162,500$

Retained earnings $192,361157,205123,797$

Total liabilities and equity $ $615,960$ $ $531,000$ $ $442,500$

The company$$s income statements for the current year and one year ago, follow.

For Year Ended December $31$ Current Year $1$ Year Ago

Sales $ $800,748$ $ $631,890$

Cost of goods sold $ $488,456$ $ $410,729$

Other operating expenses $248,232159,868$

Interest expense $13,61314,533$

Income tax expense $10,4109,478$

Total costs and expenses $760,711594,608$

Net income $ $40,037$ $ $37,282$

Earnings per share $ $2\mathrm{.}46$ $ $2\mathrm{.}29$

$(1)$ Compute debt and equity ratio for the current year and one year ago.