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 $ 30,132 89,077 111,998 9,800 269,698 $510, 705 $ 35, 221 $ 35,616 62,253 47,018 80,634 50, 075 9,061 3,801 253,094 219,690 $ 440, 263 $ 356,200 $128,437 $ 72,916 5 46,548 95, 052 162, see 124, 716 $518,7es 181,260 78,720 162,5ee 162,500 103,582 68,432 $ 440, 263 $ 356,280 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 Met andere Current Yn $663,917 $484,989 205,814 11,287 8.61 63921 196 1 Yn Ago $ $23.913 $340, 543 132,550 12.50 2.859 4513.802 30.911 Earnings per share 21 1.90 For both the current year and 1 Year Ago compute the following ratlos. For Year Ended December 31 Sales Cost of goods sold other operating expenses Interest expense Income tax expense Total costs and expenses Current Yr $663,917 $404,989 205, 814 11,287 8,631 630,721 $ 33,196 1 Yr Ago $ 523,913 $340,543 132,550 12,85e 7,859 493,082 $ 38,911 Net income Earnings per share $ 2.84 $ 1.90 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 Oto 1 Current Year: = 1 Year Ago: 0 to 1