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 $ 37,617 109,025 134, 364 12,114 338,140 $631,260 $ 43,535 $ 43,135 78,472 59,274 99,668 63,133 11,542 4,842 310,973 274,216 $ 544,190 $ 444,600 $154,040 $ 93,807 $ 59, 274 116, 303 162,500 198,417 $631,260 126, 415 97,274 162,500 162,500 161,468 125,552 $ 544,190 $ 444,600 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 Current Yr $ 820,638 $500,589 254,398 13,951 10,668 779,606 $ 41,032 1 Yr Ago $ 647,586 $ 420,931 163, 839 14,894 9,714 609,378 $ 38,208 Earnings per share $ 2.53 $ 2.35 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. (1) Debt and equity ratios. Debt Ratio Choose Numerator: Choose Denominator: II Il Debt Ratio Debt ratio % % II Current Year: 1 Year Ago: II Equity Ratio Choose Numerator: Choose Denominator: Il = Equity Ratio Equity ratio % = Current Year: 1 Year Ago: Il %