[The following information applies to the questions displayed below.] 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 $ 33,450 98,926 124,381 10,882 310, 876 $578,515 $ 41,295 $ 42,379 71,217 54,311 92,263 57,835 19,368 4,480 283,777 256,595 $ 498,720 $ 415,600 $145,491 $ 82,598 $ 54,859 188,761 162,500 161, 763 $578, 515 114,786 91,848 162,580 162,500 138,916 106,393 $ 498,720 $ 415,600 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 $752,670 $458,763 233,142 12,785 9,777 714,467 $ 37,603 1 Yr Ago $ 593,477 $385,760 150,150 13,650 8,982 558,462 $ 35,815 Earnings per share $ 2.31 $ 2.15 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratlos. Debt Ratio Choose Numerator: 1 Choose Denominator: = Debt Ratio Debt ratio Current Year: 1 11 1 Year Ago: %6 Equity Ratio Choose Numerator: 1 Choose Denominator: Equity Ratio Equity ratio = Current Year: 1 = % 1 Year Ago: 1 = 96