Simon Company's year-end balance sheets follow. At Assett Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by ecembe 32,134 36,802 38,351 95,01465,068 50,619 115,914 87,737 55,009 10,24410,258 4,261 296,831 274,391 243,060 $550,137 $474,256 $391,300 $138,354 $ 79,348 51,135 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 103.426110,170 85,613 162,500 162,500 162,500 92,052 145,857122,238 $550,137 $474,256 $ 391,300 The company's income statements for the years ended December 31, 2017 and 2016, follow. 2016 564,365 $715,178 Sales Cost of goods sold other operating expenses Interest expense Income taxes Total costs and expenses Net income $366,837 142,784 12,980 8,465 $436,259 221,705 12,158 9,297 531,066 33,299 $ 2.05 679,419 s35,759 $2.20 Earnings per share Calculate the company's long-term risk and capital structure positions at the end of 2017 and 2016 by c 8 9 10 of 17Next Prev $ 2.20 $ 2.05 m risk and capital structure positions at the end of 2017 and 2016 by computing the s long-t Calc following ratios. Exercise 13-9 Part 1 (1) Debt and equity ratios. 2016: 2016: Next > K Prev 8 9 10 of 17