[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 $ 33,081 95,879 124,167 10,334 297, 237 $560,698 $ 39,055 $ 39,478 69, 701 53,701 90,316 57,198 9,948 4,431 274,340 247,992 $ 483,360 $ 402,800 $142,406 $ 80,054 $ 54,233 104,357 162,500 151, 435 107,838 87,238 162,500 162,500 132,968 98,829 $ 483,360 $ 402,800 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 Earnings per share Current Ye $728,907 $444,633 225, 961 12,391 9,476 692, 461 $ 36, 446 l Yr Ago $575, 198 $373,879 145,525 13,230 8.628 541, 262 $ 33, 936 2.24 $ 2.09 For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-9 Part 2 225,961 12.391 9.476 145, 525 13.230 8.628 Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share 692.461 541.262 $36, 446 $ 33,936 $ 2.24 2.09 For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-9 Part 2 (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: ! Choose Denominator Debt-to-Equity Ratio Debt-to-equity ratio O to 1 Current Year: 1 Year Ago: O to 1