Simon Company's year-end balance sheets follow. 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. Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 28,528 79,407 104,986 8,914 256,897 $ 478,732 $ 116,820 88,202 162,500 111,210 $ 33,676 56,622 78,640 8,407 235,355 $ 412,700 $ 71,141 94,921 163,500 83,138 $ 478,732 $ 412,700 For both the current year and one year ago, compute the following ratios: The company's income statements for the current year and one 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 Year $ 622,352 $ 379,635 192,929 10,580 8,091 591,235 $ 31,117 $ 1.91 $ 33,717 44,516 45,991 3,673 206,003 $ 333,900. $ 44,956 75,268 163,500 50,176 $ 333,900 1 Year Ago $ 319,223 124,252 11,296 7,367 $ 491,113 462,138 $ 28,975 $ 1.78 Current Year: 1 Year Ago: Current Year: 1 Year Ago: Numerator: Debt Ratio Denominator: Debt Ratio / = Debt ratio = 0 % 0 % Equity Ratio Numerator: + Denominator: =Equity Ratio Equity ratio 0 % 0 % Current Year: 1 Year Ago: Numerator: Debt-To-Equity Ratio Denominator: = Debt-To-Equity Ratio 1 = Debt-to-equity ratio = 0 to 1 + 0 to 1 < Required 1 Required 2B > Current Year: 1 Year Ago: Times Interest Earned Numerator: Denominator: < Required 28 Required 3B > Times Interest Earned Times interest earned = 0 times = 0 times