[The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 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 Current Yr $ 35,007 104,535 130,144 11,159 318,482 $599,327 $ 40,920 $ 43, 486 73,779 55,685 92,715 61,756 10,633 4,784 298,614 269,189 $ 516,661 $ 434,900 $147,740 $ 86,443 $ 57,407 112,673 162,500 176,414 $599,327 122,397 94, 191 162,500 162,500 145,321 120, 802 $ 516,661 $ 434,900 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Current Yr 1 Yi Ago Sales $779,125 $ 614,827 Coat of goods sold $475,266 $399,638 other operating expenses 241,529 155,551 Interest expense 13,245 14,141 Income tax expense 10,129 9, 222 Total costs and expenses 740.169 578,552 Net income $ 38,956 $36,275 Earnings per share $ 2.40 $ 2.23 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratios. Debt Ratio Choose Denominator: Choose Numerator: Debt Ratio Debt ratio Current Year: 1 Year Ago: 7 % % = Equity Ratio 1 Choose Denominator: Choose Numerator: . Equity Ratio Equity ratio Current Year: 1 Year Ago: %