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, 676 100, 330 126, 146 11, 489 325, 058 $598,699 $ 40,877 $ 43,006 73, 702 55,070 97, 392 60,463 11,055 4,684 293, 094 266,877 $ 516,120 $ 430, 100 $146, 095 $ 88,097 $ 55,070 110, 304 162,500 179,800 $598, 699 121, 082 94,102 162,500 162,500 144, 441 118, 428 $ 516,120 $ 430,100 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. 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 $778, 309 $474, 768 241, 276 13,231 10, 118 739, 393 $ 38,916 $ 2.39 1 Yr Ago $ 614, 183 $399,219 155, 388 14,126 9, 213 577,946 $ 36, 237 $ 2.23 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio Choose Numerator: Choose Denominator: Debt Ratio Debt ratio i Current Year: 1 Year Ago: Equity Ratio Choose Numerator: Choose Denominator: = Equity Ratio Equity ratio Current Year: 1 Year Ago