Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years Ago 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 29,899 91,124 110,078 9,629 281,710 $ 522,440 $ 37,111 64,314 81,654 9,742 257, 558 $ 450,379 $ 36,421 49,542 54,350 4,169 227, 118 $ 371,600 $ 127,486 100,183 162,500 132,271 $ 522,440 $ 74,592 100,480 162,500 112,807 $ 450,379 $ 50,032 83,766 162,500 75,302 $ 371,600 The company's income statements for the current year and one 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 Year $ 679,172 $ 414,295 210,543 11,546 8,829 645,213 $ 33,959 $ 2.09 1 Year Ago $ 535,951 $ 348,368 135,596 12,327 8,039 504,330 $ 31,621 $ 1.95 For both the current year and one year ago, compute the following ratios: (2) Compute debt-to-equity ratio for the current year and one year ago. Debt-To-Equity Ratio Denominator: Il Numerator: 11 Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 Current Year: 0 to 1 1 Year Ago