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 $ 29,695 86,065 104,007 9,099 259,776 $488,642 $ 34,036 $ 34,753 57,795 47,755 76,371 49,847 8,935 4,019 244, 106 221,826 $ 421,243 $ 358,200 $122,889 $ 71,190 $ 47,755 93, 702 162,500 109,551 $488,642 97,855 79,954 162,500 162,500 89,698 67,991 $ 421,243 $ 358,200 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 Current Yr $635, 235 $387,493 196,923 10, 799 8,258 603, 473 $ 31,762 $ 1.95 1 Yr Ago $ 501,279 $325,831 126,824 11,529 7,519 471, 703 $ 29,576 Earnings per share $ 1.82 (1) Debt and equity ratios. Choose Numerator: Debt Ratio 1 1 Choose Denominator: Debt Ratio Debt ratio / % Current Year: 1 Year Ago: Equity Ratio Choose Numerator: 1 Choose Denominator: = Equity Ratio Equity ratio / Current Year: / % 1 Year Ago: 1