Simon Companys year-end balance sheets follow.(1) Debt and equity ratios.

Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 34,026 98,617 120,309 10,957 307,089 $570,998 $ 39,379 $ 39,798 68,224 53,863 91,975 57,666 10,544 4,602 282, 118 255,071 $ 492,240 $ 410,200 $142,179 $ 81,525 $ 53,063 104,127 162,500 162, 192 $570,998 112,083 88,841 162,500 162,500 136, 132 105,796 $ 492,240 $ 410,200 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $742,297 $452,801 230,112 12,619 9,650 705, 182 $ 37,115 $ 2.28 1 Yr Ago $ 585, 766 $380,748 148,199 13,473 8,786 551, 206 $ 34,560 $ 2.13 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio Choose Numerator: 1 Choose Denominator: Debt Ratio Debt ratio 0 % 0 % Current Year: 1 Year Ago: / Equity Ratio Choose Numerator: 1 1 Choose Denominator: = Equity Ratio Equity ratio 0 % Current Year: II 1 Year Ago: 0 %