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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity Interest expense Income tax expense Total costs and expenses Net income Current Yr $36,683 106,319 136,349 11,459 330,938 $621,748 Earnings per share $151,719 120,395 162,500 187,134 $621,748 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales 1 Yr Ago Cost of goods sold Other operating expenses Current Yr $493,046 250,564 13,741 10,508 $808,272 1 Yr Ago 2 Yrs Ago $ 43,737 $ 42,052 76,539 56,069 97,175 60,316 11,031 4,769 307,508 274,694 $ 535,990 $437,900 767,859 $ 40,413 $ 2.49 $ 93,300 $ 58,381 126,976 93,873 162,500 162,500 153,214 123,146 $ 535,990 $437,900 $414,588 161,370 14,670 9,567 For both the Current Year and 1 Year Ago, compute the following ratios: $637,828 600,195 $ 37,633 $ 2.32 Exercise 13-9 Part 1 (1) Debt and equity ratios. Current Year: 1 Year Ago: Current Year: 1 Year Ago: Choose Numerator: Choose Numerator: Debt Ratio 1 1 1 Equity Ratio 1 1 1 Choose Denominator: Choose Denominator: = 11 II 11 = Equity Ratio Equity ratio 11 = 11 Debt Ratio Debt ratio % % % %