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 $ 29,228 83,052 101,289 9,320 262, 793 $ 485,682 $ 33,160 $ 34,542 58,617 46,056 79,007 51,588 8,617 4,036 239,290 223,478 $ 418,691 $ 359, 700 $120,935 $ 72,882 $ 47, 480 89, 482 162,500 112, 765 $485,682 94,373 78,699 162,500 162,500 88,936 71,021 $ 418,691 $ 359,700 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 Current Yr $631,387 $385, 146 195,730 10,734 8, 208 599,818 $ 31,569 1 Yr Ago $ 498,242 $323,857 126,055 11,460 7,474 468,846 $ 29, 396 $ 1.81 Earnings per share $ 1.94 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 Current Year: 1 Year Ago: % % Equity Ratio Choose Numerator: Choose Denominator: Equity Ratio Equity ratio % Current Year: 1 Year Ago: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: Choose Denominator: Current Year: 1 Year Ago: Debt-To-Equity Ratio Debt-to-equity ratio 0 10 1 0 to 1