[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 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 Current Yr 1 Yr Ago 2 Yrs Ago 116,252 $ 32,888 93,414 $ 39,212 $38,867 69,294 50,787 87,122 56,307 10,591 9,990 4,362 384,284 274,924 242,277 $557,429 $488,542 $392,600 $140,188 $ 81,212 $ 52,860 102,701 109,419 87,632 162,500 162,500 162,500 152,840 127,411 89,688 $557,429 $488,542 $392,600 For Year Ended December 31 The company's income statements for the Current Year and 1 Year Ago, follow. Sales 1 Yr Ago $571,845 Current Yr $724,658 Cost of goods sold $442,041 Other operating expenses 224,644 Interest expense 12,319 Income tax expense 9,421 $371,699 144,677 13,152 8,578 Total costs and expenses Net income 688,425 $ 36,233 Earnings per share $ 2.23 538,106 $ 33,739 $ 2.08 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ration Choose Numerator: Total liabilities Choose Denominator: Total assets Debt Ratio = Debt ratio Current Year: = 0% 1 Year Ago: 0% Equity Ratio Choose Numerator: Choose Denominator: Total equity Total assets Current Year: 1 Year Ago: Equity Ratio Equity ratio 0% 0%