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 $ 36,189 105,935 135,831 11,771 323,645 $ 613,371 111,854 162,500 186,288 $ 152,729 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 42,301 74,768 99,779 11,215 300,705 $ 528,768 $ 89,362 119,184 162,500 157,722 $ 613,371 $ 528,768 $ 42,768 57,594 61,957 4,704 264,977 $ 432,000 $ 55,884 92,608 162,500 121,008 $ 432,000 The company's income statements for the current year and one year ago, follow. For Year Ended December 31 Sales Cost of goods sold Interest expense Income tax expense Other operating expenses Total costs and expenses Net income Current Year $ 797,382 $ 486,403 247,188 13,555 10,366 757,512 $ 39,870 1 Year Ago $ 629,234 $ 409,002 159,196 14,472 9,439 592,109 $ 37,125 Earnings per share $ 2.45 $ 2.28 (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?