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 $ 24,786 73, 275 92,129 8, 142 221,774 $420,106 $ 28,973 $ 29,878 51,716 40,634 66,330 42,856 7,681 3,386 207,460 185,046 $362,160 $ 301, 800 $107,745 $ 61,817 $ 41,033 79,770 162,500 70,091 $420,106 84,130 66,698 162,500 162,500 53,713 31,569 $362,160 $ 301,800 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 Net income Current Yr $546,138 $333, 144 169,303 9,284 7,100 518,831 $ 27,307 1 Yr Ago $430,970 $280, 131 109,035 9,912 6,465 405,543 $ 25,427 Earnings per share $ 1.68 $ 1.56 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio Choose Numerator: 1 Choose Denominator: 11 Debt Ratio / 11 Debt ratio Current Year: % 1 Year Ago: 11 % Equity Ratio Choose Numerator: Choose Denominator: Equity Ratio Equity ratio = = % Current Year: 1 Year Ago: 11 %