Simon Company's year-end balance sheets follow. Current Yi 1 Ago 2. Yis Ago At December 31 Assets Gash 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 $ 33.505 97107 120,885 10.790 299,970 $562,257 37613 $ 38.420 68,537 51,749 91.464 57,919 10.077 4,312 277,013 243,600 $ 484704 $ 396,000 $ 137,202 $ 84,372 $ 52.795 104,647 162,500 157908 $562.257 113,712 85.766 162.500 162.500 124,120 94,939 $ 484.704 $ 396,000 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 Y $ 730,934 $445,870 226,590 12.426 9,502 694388 $36,546 $ 14 Ago $ 576,798 $374,919 145,930 13,266 8 652 542,767 $ 34,031 $ 2.09 2.25 For both the Current Year and 1 Year Ago, compute the following ratios: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: Choose Denominator: 11 Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 O to 1 Current Year: 1 Year Ago: References Expanded table Difficulty: 3 Hard Learning Objective: 17-P3 Datine and apply