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 $ 35,298 102, 303 126,105 11,144 311,685 $586,535 $ 40,451 $ 40,488 71,497 55,074 95,413 57,487 10,724 4,680 287,549 255,371 $ 505,634 $ 413,100 $ 148,968 $ 85,452 $ 53,439 112, 474 162,500 162,593 $ 586,535 113,970 88,556 162,500 162,500 143,712 108,605 $ 505,634 $ 413,100 The company's income statements for the Current Year and 1 Year Ago, follow. The company's income statements for the Current Year and 1 Year Ago, follow. 1 Yr Ago $ 601, 704 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 $ 762,496 $ 465,123 236,374 12,962 9,912 724,371 $ 38,125 2.35 $391, 108 152,231 13,839 9,026 566,204 $ 35,500 $ 2.18 For both the Current Year and 1 Year Ago, compute the following ratios: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: Choose Denominator: 7 11 = Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 Current Year: 11 1 Year Ago: 11 0 to 1