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, sie par value Retained earnings Total liabilities and equity $ 30,132 89,077 111,998 9,800 269,698 $512,705 $ 35,221 $ 35,616 62,253 47,818 89,634 58,075 9,061 3,801 253,094 219,690 $ 440, 263 $ 356,200 $128,437 $ 72,916 $ 46,548 95,052 162,5ee 124,716 $512,705 101,268 78,720 162,500 162,5ee 183,587 68,432 $ 440, 263 $ 356,200 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 $663,917 $484,989 205,814 11,287 8.631 630,23 $33.196 1 Yr Ago $ 523,913 $340,543 132,552 12,058 7.859 493.002 $ 30,911 5 1.90 Earnings per share $ 2.80 For both the Current Year and 1 Year Ago, compute the following ratlos Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses $404,989 205,814 11,287 8,631 $ 340,543 132,550 12,85e 7,859 630,721 $ 33, 196 493,002 $ 30,911 Net income Earnings per share 2.84 $ 1.98 For both the Current Year and 1 Year Ago, compute the following ratlos: Exercise 13-9 Part 1 (1) Debt and equity ratios. Debt Ratio 1 Choose Numerator: Choon Penominator: Debt Ratio Current Year: 1 Year Ago: Debt ratio % % Equity Ratio Choose Numerator: Choose Denominator: Equity Ratio Equity ratio % Current Year 1 Year Ago: 96