Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago $ 27,771 80,490 98,195 8,589 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 $ 32,141 $ 33,888 54,559 43,752 74,326 47,542 8,353 3,756 232,381 205,942 $ 401,760 $ 334,800 250,997" $466,042 $117,205 $ 66,539 $ 43,752 86,740 162,500 99,597 $466,042 91,481 73,251 162,500 162,5ee 81,240 155,297 $ 401,760 $ 334,800 The company's income statements for the Current Year and 1 Year Ago follow 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 $605,855 $369,572 187,815 10,300 7,876 575,563 $ 30,292 $ 1.86 1 Yr Ago $ 478,094 $310,761 120,958 10,996 7,171 449,886 $ 28,208 $ 1.74 For both the Current Year and 1 Year Ago, compute the following ratios: Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: 1 Choose Denominator: Total liabilities 1 Total equity = Debt-To-Equity Ratio Debt-to-equity ratio olto 1 Otto 1 Current Year: 7 1 Year Ago: 1 11