[The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2017 2016 2015 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 $ 27,730 $ 33,406 $ 32,784 80,370 57,303 44,154 106, 206 74,957 47,499 8,8398 ,509 3,606 256,448 239, 267 206,457 $479,593 $413,442 $ 334,500 $117,030 $ 69,872 $ 44,154 91,967 96,993 72,446 162,500 162,500 162,500 108,096 84,077 55,400 $479,593 $413,442 $ 334,500 The company's income statements for the years ended December 31, 2017 and 2016, follow. 2017 $623,471 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income Earnings per share $380, 317 193,276 10,599 8,105 2016 $ 491, 996 $319,797 124,475 11,316 7,380 462,968 $ 29,028 $ 1.79 592,297 $ 31,174 $ 1.92 Calculate the company's long-term risk and capital structure positions at the end of 2017 and 2016 by computing the following ratios. (1) Debt and equity ratios. Debt Ratio 1 Choose Denominator: Choose Numerator: Debt Ratio Debt ratio 2017: 2016: Equity Ratio 1 Choose Denominator: Choose Numerator: Equity Ratio Equity ratio 2017: I 2016: Calculate the company's long-term risk and capital structure positions at the end of 2017 and 2016 by computing the following ratios. (2) Debt-to-equity ratio. Debt-To-Equity Ratio I Choose Denominator: Choose Numerator: - Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 0 to 1 2017: 2016: (3) Times interest earned. Choose Numerator: Times Interest Earned | Choose Denominator: I 1 = Times Interest Earned Times interest earned times 2017: 2016: times