Simon Companys year-end balance sheets follow.

At December 31	Current Year	1 Year Ago	2 Years Ago
Assets
Cash	$ 26,504	$ 31,600	$ 32,927
Accounts receivable, net	78,353	52,590	43,033
Merchandise inventory	94,650	73,075	45,358
Prepaid expenses	8,364	7,970	3,586
Plant assets, net	241,347	222,022	204,396
Total assets	$ 449,218	$ 387,257	$ 329,300
Liabilities and Equity
Accounts payable	$ 111,855	$ 64,138	$ 44,337
Long-term notes payable	84,453	87,288	74,231
Common stock, $10 par value	162,500	162,500	162,500
Retained earnings	90,410	73,331	48,232
Total liabilities and equity	$ 449,218	$ 387,257	$ 329,300

The companys income statements for the current year and one year ago, follow.

For Year Ended December 31	Current Year	1 Year Ago
Sales		$ 583,983		$ 460,836
Cost of goods sold	$ 356,230		$ 299,543
Other operating expenses	181,035		116,592
Interest expense	9,928		10,599
Income tax expense	7,592		6,913
Total costs and expenses		554,785		433,647
Net income		$ 29,198		$ 27,189
Earnings per share		$ 1.80		$ 1.67

(1) Compute debt and equity ratio for the current year and one year ago.