Simon Companys year-end balance sheets follow.

At December 31	Current Yr					1 Yr Ago			2 Yrs Ago
Assets
Cash		$	28,473			$	34,997		$	34,343
Accounts receivable, net			85,075				58,844			45,790
Merchandise inventory			108,035				77,758			51,250
Prepaid expenses			9,169				8,827			3,893
Plant assets, net			266,760				248,464			215,124
Total assets		$	497,512			$	428,890		$	350,400
Liabilities and Equity
Accounts payable		$	123,880			$	73,932		$	45,328
Long-term notes payable secured by mortgages on plant assets			93,532				99,631			78,213
Common stock, $10 par value			162,500				162,500			162,500
Retained earnings			117,600				92,827			64,359
Total liabilities and equity		$	497,512			$	428,890		$	350,400

The companys income statements for the Current Year and 1 Year Ago, follow.

For Year Ended December 31	Current Yr						1 Yr Ago
Sales				$	646,766					$	510,379
Cost of goods sold	$	394,527					$	331,746
Other operating expenses		200,497						129,126
Interest expense		10,995						11,739
Income tax expense		8,408						7,656
Total costs and expenses					614,427						480,267
Net income				$	32,339					$	30,112
Earnings per share				$	1.99					$	1.85

For both the Current Year and 1 Year Ago, compute the following ratios:

(1) Debt and equity ratios