Simon Company's year-end balance sheets follow. 2017 2016 2015 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 $ 32,249 $ 39,250 $ 40,076 98,284 68,68851,847 118,728 91,665 56,914 10,5999 ,997 4,365 303,633 276,170 247,598 $563,493 $485,770 $ 400,800 $141,713 $ 81,274 $ 51,847 103,818 108,375 91,234 162,500 162,500 162,500 155,462 133,621 95,219 $563,493 $485,770 $ 400,800 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 Other operating expenses Interest expense Income taxes Total costs and expenses Net income Earnings per share 2017 $732,541 $ 446,850 227,088 12,453 9,523 695,914 $ 36,627 $ 2.25 2016 $ 578,066 $375, 743 146,251 13,296 8, 671 543,961 $ 34,105 $ 2.10 Calculate the company's long-term risk and capital structure positions at the end of 2017 and 2016 by computing the following ratios. (1) Debt and equity ratios. Debt Ratio 1 Choose Denominator: Choose Numerator: Debt Ratio Debt ratio 2017: 2016: Equity Ratio Choose Numerator: noose Denominator: Equity Ratio Equity ratio 2017: 2016: (2) Debt-to-equity ratio. Debt-To-Equity Ratio T Choose Denominator: Choose Numerator: = Debt-To-Equity Ratio Debt-to-equity ratio to 1 2017: 2016: to 1 (3) Times interest earned. Times Interest Earned Choose Numerator: 1 Choose Denominator: = Times Interest Earned Times interest earned times 2017: 2016: times