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 $ 35,891 99,943 129,506 11,331 319,720 $596,391 $ 40,719 $ 41,576 72,698 56,554 96,065 59,032 10,473 4,526 294,175 262,512 $ 514,130 $ 424,200 $151,471 $ 85,150 $ 55,434 113,243 162,500 169, 177 $596, 391 120,615 94,686 162,500 162,500 145,865 111,580 $ 514, 130 $ 424,200 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 $775,308 $472,938 240, 345 13,180 10,079 736,542 $ 38,766 $ 2.39 1 Yr Ago $611,815 $397,680 154,789 14,072 9, 177 575,718 $ 36,097 $ 2.22 Earnings per share 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 / = Current Year: 1 = 0 to 1 1 Year Ago: 1 0 to 1