Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 34,077 $ 39,833 $ 40,256 Accounts receivable, net 99,743 69,017 55,334 Merchandise inventory 121,720 88,465 60,717 Prepaid expenses 10,974 19,249 4,519 Plant assets, net 305,342 285,415 258, 374 Total assets $ 571,856 $ 492,979 $ 419,200 Liabilities and Equity Accounts payable $ 142,392 $ 83,313 $ 54,228 Long-term notes payable 185, 359 114,519 90,790 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 161,605 132,642 111,682 Total liabilities and equity $ 571,856 $ 492,979 $ 419,200 The company's income statements for the current year and one year ago, follow. For Year Ended December 31 Current Year 1 Year Ago Sales $ 743,413 $ 586,645 Cost of goods sold $ 453,482 $ 381,319 Other operating expenses 238,458 148,421 Interest expense 12,638 13,493 Income tax expense 9,664 8,800 Total costs and expenses 706,242 552,033 Net income $ 37,171 $ 34,612 $ 2.29 $ 2.13 Earnings per share (2-0) 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. Required 2A Required 2B Compute debt-to-equity ratio for the current year and one year ago. Debt To Equity Ratio Numerator: Denominator: - Debt To Equity Ratio Debt-to-equity ratio O to 1 Current Year: 1 Year Ago: 1 0 to 1 (Required 2A Required 28 >