[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 $ 32,462 95,948 114,780 10,557 291,008 $544,755 $ 37,194 $ 39,526 64,431 51,658 86,010 57,255 9,961 4,435 272,020 242,426 $ 469,616 $ 395,300 $ 138,357 $ 81,746 $ 51,136 102,414 162,500 141,484 $544,755 105,851 86,488 162,500 162,500 119,519 95, 176 $ 469,616 $ 395, 300 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 Yr $ 708,182 $ 431,991 219,536 12,039 9,206 672,772 $ 35, 410 1 Yr Ago $ 558, 843 $363,248 141,387 12,853 8,383 525,871 $ 32,972 $ 2.18 2.03 For both the Current Year and 1 Year Ago, compute the following ratios: 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 $ 708,182 $431,991 219,536 12,039 9, 206 672,772 $ 35, 410 1 Yr Ago $ 558, 843 $363,248 141,387 12,853 8,383 525,871 $ 32,972 $ 2.18 $ 2.03 Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio Choose Numerator: Choose Denominator: Debt Ratio Debt ratio 0 % 0 % Current Year: 1 Year Ago: Equity Ratio Choose Numerator: Choose Denominator: - Equity Ratio Equity ratio Net sales 1 0 % Current Year: 0 % 1 Year Ago