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 $ 35,375 101,531 123,901 11,281 310,019 $582,107 $ 40,948 $ 39,792 70,254 55,200 94,693 57,075 10,327 4,421 285,594 249,512 $ 501,816 $ 406,000 $ 144,945 $ 83,959 $ 52,520 109,436 162,500 165, 226 $582,107 117,726 90,623 162,500 162,500 137,631 100, 357 $ $ 501,816 $ 406,000 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 $756,739 $461,611 234,589 12,865 9,838 718,903 $ 37,836 $ 2.33 1 Yr Ago $ 597,161 $388,155 151,082 13,735 8,957 561,929 $ 35, 232 $ 2.17 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Choose Numerator: Debt Ratio 1 / Choose Denominator: = Debt Ratio Debt ratio % Current Year: 1 Year Ago: II % Equity Ratio 1 Choose Numerator: Choose Denominator: II / Equity Ratio Equity ratio % / Current Year: 1 Year Ago: / %