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 $ 26,664 75, 767 98,120 8,503 234,025 $443,079 $ 29,946 $ 32, 155 55,079 44,160 69,957 45,660 7,941 3,466 219,042 199,359 $ 381,965 $ 324,800 $108,120 $ 63,907 $ 43,302 81,633 162,500 90,826 $443,079 88, 730 72,499 162,500 162,500 66,828 46,499 $ 381,965 $ 324,800 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 Current YE $576,003 $351, 362 178,561 9,792 7,488 547,203 $ 28,800 1 Yr Ago $ 454,538 $295,450 114,998 10, 454 6,818 427,720 $ 26,818 Net income Earnings per share $ 127 $ 1.65 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. (1) Debt and equity ratios. Dobt Ratio 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: %