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 Current Year 1 Year Ago 2 Years Ago $ 37,086 49,449 $ 28,974 82,296 103,471 9,424 266,918 $ 33,190 58,083 78,319 8,624 245,131 $ 423,347 $ 491,083 Liabilities and Equity Accounts payable $ 118,611 $ 72,977 Long-term notes payable Common stock, $10 par value 93,247 162,500 Retained earnings 116,725 162,500 90,500 Total liabilities and equity 97,370 52,678 4,081 220,406 $ 363,700 $ 48,008 79,574 162,500 73,618 $ 491,083 $ 423,347 $363,700 The company's income statements for the current year and one year ago, follow, For Year Ended December 31 Sales 1 Year Ago $ 503,783 Current Year $ 638,408 Cost of goods sold $389,429 $327,459 Other operating expenses 197,906 Interest expense 10,853 Income tax expense 8,299 127,457 11,507 7,557 Total costs and expenses Net income 606,487 $31,921 474,060 $29,723 Earnings per share $ 1.96 $ 1.83 (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.