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, \$18 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago The company's income statements for the current year and one year go, follow. (1) Compute debt and equity ratio for the current year and one year ago