Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Current Yr 1 Yr Ago 2 Yrs Ago $ 26,254 $ 30,087 $ 30,720 76,092 52,652 41,369 94,733 70,271 45,384 8,040 7,819 3,482 Plant assets, net 231,138 215,255 189,345 Total assets $436,257 $ 376,084 $ 310,300 Liabilities and Equity Accounts payable $110,801 $ 62,923 $ 40,550 Long-term notes payable secured by mortgages on plant assets. 81,196 Common stock, $10 par value 162,500 88,229 162,500 69,948 Retained earnings Total liabilities and equity 81,760 $436,257 62,432 162,500 37,302 $ 376,084 $310,300 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales 1 Yr Ago $447,540 Current Yr $567,134 Cost of goods sold $345,952 $290,901 Other operating expenses 175,812 Interest expense 9,641 Income tax expense 7,373 113,228 10,293 6,713 Total costs and expenses 538,778 Net income $ 28,356 421,135 $ 26,405 Earnings per share $ 1.74 $ 1.62 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Current Year: 1 Year Ago: Current Year: 1 Year Ago: Debt Ratio Choose Numerator: Choose Denominator: II = || = || = Debt Ratio Debt ratio % = % Equity Ratio Choose Numerator: Choose Denominator: = Equity Ratio = Equity ratio = % = %