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 $ 34,184 100,966 120,831 11,008 313,299 $579,388 $ 39,159 $ 42,481 69,227 56,975 94,250 59,714 10,699 4,767 286,137 266,063 $ 499,472 $ 429,199 $141,382 $ 86,943 $ 57,774 110,014 162,500 165,492 $579,388 116,027 96,728 162,500 162,500 134,902 112,098 $ 499,472 $ 429,100 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 $753,204 $459,454 233,493 12,804 9,792 715,543 $ 37,661 $ 2.32 1 Yr Ago $ 594,372 $386, 342 150, 376 13,671 8,916 559, 305 $ 35,067 $ 2.16 Exercise 13-9 Part 1 (1) Debt and equity ratios Answer is complete but not entirely correct. Choose Numerator Total Babies 5 251 396 s 251,3961 Debt Ratio Dobt ratio 434 % Current Year: 1 Year Ago: 50.3 % Debt Ratio Choose Denominator: Total assets S 579,388 S 499.472- Equity Ratio Choose benaminator: Total assets = S 579 388 = $ 499.472 1 Choose Numerator: Total equity 5 372,992 5 499.472 Equity Ratio Equity ratio 64.4 1000 90 Current Year: 1 Year Ago: 96 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: Choose Denominator: Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 0 to 1 Current Year: 11 1 Year Ago: 11 Complete this question by entering your answers in the tabs below. Required 3A Required 38 Times interest earned. Times Interest Earned Choose Numerator: Choose Denominator Times Interest Eamed Times interest eamed 1 O times Current Year: 1 Year Ago: 1 o times Required 3A Required 3B >