[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Current Yr 1 Yr Ago 2 Yrs Ago $ 27,720 $ 34,055 $ 33,421 82,800 59,018 44,112 103,075 77,224 48,422 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 9,382 256,442 8,592 234,403 3,789 $479,419 211,256 $ 413,292 $341,000 $119,375 $ 71,243 $ 45,012 91,933 93,156 162,500 73,854 162,500 105,611 59,634 $479,419 162,500 86,393 $ 413,292 $341,000 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 Net income Total costs and expenses Earnings per share 1 Yr Ago $319,681 124,430 11,312 7,377 $ 491,817 Current Yr $623,245 T $380,179 193,206 10,595 8,102 592,082 $ 31,163 $ 1.92 $ 1.79 462,800 $ 29,017 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios.