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 $ 39,659 88,888 109,537 9.68 276,466 $514,622 $ 34,781 $ 36,6ee 63,973 48, see 82,873 51,447 9,412 4.189 253,483 228,664 $ 443,640 $ 369,700 $126,859 $ 76,475 $ 48,800 96, 749 162,500 128,514 $514,622 102,037 83,338 162,5ee 162,500 192,628 75,062 $ 443,640 $ 369,700 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 $ 669,899 $ 408,95 297, 393 11, 373 8,697 635.558 1 Yr Ago $ 527,932 $ 343, 156 133,567 12,142 7,919 $33,451 $ 2.06 1.92 For both the Current Year and 1 Year Ago, compute the following ratios: 1) Debt and equity ratlos. Debt Ratio 1 Choose Numerator: Choose Denominator: = Debt Ratio = Debt ratio Current Year: 1 Year Ago: Equity Ratio Choose Numerator: Choose Denominator: = Equity Ratio Equity ratio Current Year: 1 Year Ago