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

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

For Year Ended Deeenber $31.$ Current Year

Sales Cast of goods sold Other operating expenses Interest expense

Inerest expense

Incone tax experise

Total costs and experses

Net incone

Earnings per share

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

$\backslash$table$[[,,$Delitisa,,,,$],[,$Numerator:,$1,$Benominator:,$=,$Debt Ratio$],[,$Accouns receivable,$1,$Cost al goods sold,$=,$Debs ratio$],[$Current Year,,$1,,=,01,8],[1$ Year Ago:,,$1,,=,0||,8],[$Er pity Batio$],[,$Numetaler:,$1,$Denominator:,$=,$Equity Aatio$],[,$Cunert lablitis,$11,$Curnent assels,$=,$Equity ralio$],[$Current Year:,$=,1,,=,0,80],[1$ Year Ago:,,$1,,=,0,$