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 Current Year 1 Year Ago 2 Years Ago $ 35,266 107,480 132,486 11,825 329,158 $ 616,215 $ 43,348 76,602 101,224 11,044 299,002 $ 531,220 $ 87,981 122,181 162,500 158,558 $ 150,369 Long-term notes payable 118,165 Common stock, $10 par value Retained earnings 162,500 185,181 Total liabilities and equity $ 616,215 $ 531,220 $ 44,693 59,013 61,616 4,773 268,205 $ 438,300 $ 59,013 97,833 162,500 118,954) $ 438,300 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 Current Year $ 801,080 $ 488,659 248,335 13,618 10,414 761,026 $ 40,054 1 Year Ago $ 410,899 159,934 14,539 9,482 $ 632,152 594,854 $ 37,298 Earnings per share $ 2.46 $ 2.30 (2-a) Compute debt-to-equity ratio for the current year and one year ago. (2-b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? ces (2-a) Compute debt-to-equity ratio for the current year and one year ago. (2-b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? Complete this question by entering your answers in the tabs below. Required 2A Required 28 Compute debt-to-equity ratio for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Debt-To-Equity Ratio Denominator: Debt-To-Equity Ratio Debt-to-equity ratio to 1 to 1 Required ZA Required 28 > Complete this question by entering your answers in the tabs below. Required 2A Required 2B Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? Based on debt-to-equity ratio, the company has debt in the current year versus one year ago. < Required 2A Required 28 >