Simon Company's year-end balance sheets follow. Current Y 1 Yr Ago 2 Yes Ago $ 28,452 83.303 106.853 9.443 264,021 $492,072 $ 33,257 $ 34,297 58.794 48,062 80.047 50,197 8.900 3,966 243,194 216.978 $ 424,200 $ 353,500 At December 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 $124,976 $ 70,973 $ 47,595 91,584 162.500 113,012 $492,072 95,615 162,500 95,112 $ 424,200 75,780 162.500 67,625 $ 353,500 The company's income statements for the Current Year and 1 Year Ago, follow For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $639,1694 $390,213 198.305 10,875 8,316 607,709 $ 31,985 $ 1.97 1 Yr Ago $ 504,798 $328,119 127,714 11.610 7,572 475,015 $29.783 For both the Current Year and 1 Year Ago, compute the following ratios: For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-9 Part 1 (1) Debt and equity ratios. Debt Ratio 1 Choose Denominator: / Total assets Choose Numerator: Total liabilities Debt Ratio Debt ratio Current Year: 1 Year Ago: Choose Numerator: Equity Ratio 1 Choose Denominator: Total assets / Equity Ratio Equity ratio Current Year: 1 Year Ago