[The following information applies to the questions displayed below.] Simon Companys year-end balance sheets follow.

At December 31	Current Yr					1 Yr Ago			2 Yrs Ago
Assets
Cash		$	33,730			$	40,240		$	40,684
Accounts receivable, net			98,767				71,131			53,697
Merchandise inventory			127,983				93,995			57,765
Prepaid expenses			11,310				10,670			4,520
Plant assets, net			317,585				292,046			258,434
Total assets		$	589,375			$	508,082		$	415,100
Liabilities and Equity
Accounts payable		$	146,754			$	84,149		$	56,437
Long-term notes payable secured by mortgages on plant assets			108,586				115,690			90,820
Common stock, $10 par value			162,500				162,500			162,500
Retained earnings			171,535				145,743			105,343
Total liabilities and equity		$	589,375			$	508,082		$	415,100

The companys income statements for the Current Year and 1 Year Ago, follow.

For Year Ended December 31	Current Yr						1 Yr Ago
Sales				$	766,188					$	604,618
Cost of goods sold	$	467,375					$	393,002
Other operating expenses		237,518						152,968
Interest expense		13,025						13,906
Income tax expense		9,960						9,069
Total costs and expenses					727,878						568,945
Net income				$	38,310					$	35,673
Earnings per share				$	2.36					$	2.20

For both the Current Year and 1 Year Ago, compute the following ratios:

(2) Debt-to-equity ratio.