(The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. At December 31 Current yr 1 Yr Ago 2 yrs Ago Assets $ 28, 223 80, 996 101,837 9,089 248,828 $468, 973 $ 32,020 $ 31,719 57,732 42,292 73,297 46, 434 8,405 3,561 232,833 206, 294 $ 404,287 $ 330,300 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 $119, 110 $ 69,691 $ 43,164 89, 930 162,500 07.433 $468,973 93, 916 73, 726 162,500 162,500 78, 180 50,910 $ 404,287 $ 330, 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 $609, 665 $371, 896 188, 996 10, 364 7,926 579,182 $ 30,483 $ 1.88 1 Yr Ago $ 481, 102 $312, 716 121, 719 11, 065 7,217 452, 717 $ 28,385 1.75 10,364 7,926 11, 065 7,217 Interest expense Income tax expense Total costs and expenses Net income Earnings per share 579,182 $ 39,483 452,717 $28.385 $ 1.88 $ 1.75 For both the Current Year and 1 Year Ago, compute the following ratios: (2) Debt-to-equity ratio. Debt-To-Equity Ratio Choose Numerator: T Choose Denominator: - Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 0 to 1 Current Year: 1 Year Ago