Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 37,711 109,298 133,299 12,144 346,718 $639,170 $ 42,758 $ 44,576 75,598 59,434 102,956 61,404 11,687 4,757 318,010 275,629 $ 551,009 $ 445,800 $157,562 $ 93,121 $ 59,434 118,962 162,500 200,146 $639,170 124,197 101,477 162,500 162,500 171, 191 122,389 $ 551,099 $ 445,800 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Current Yr 1 Yr Ago Sales $830,921 $ 655,701 Cost of goods sold $506,862 $426, 206 Other operating expenses 257,586 165,892 Interest expense 14,126 15,081 Income tax expense 10,802 9,836 Total costs and expenses 789,376 617,015 Net income $ 41,545 $ 38,686 Earnings per share $ 2.56 $ 2.38 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 $830,921 $506,862 257,586 14,126 19,802 789,376 $ 41,545 $ 2.56 1 Yr Ago $ 655,701 $426,206 165,892 15,081 9,836 617,015 $ 38,686 $ 2.38 For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-9 Part 2 (2) Debt-to-equity ratio Debt-To-Equity Ratio Choose Numerator: 1 Choose Denominator: = Debt-To-Equity Ratio Debt-to-equity ratio to 1 Current Year: 11 1 Year Ago: / 11 to 1