[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 $ 31,800 $ 35,625 89,500 62,500 112,500 82,500 10,700 9,375 278,500 255,000 $523,000 $445,000 $ 37,800 50,200 54,000 5,000 230,500 $377,500 $129,900 $ 75,250 $ 51,250 98,500 101,500 83,500 163,500 163,500 163,500 131,100 104,750 79,250 $523,000 $445,000 $377,500 The company's income statements for the years ended December 31, 2017 and 2016, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income 2017 $673,500 $ 411, 225 209,550 12,100 9,525 642,400 $ 31,100 $ 1.90 2016 $ 532,000 $345,500 134,980 13,300 8,845 502,625 $ 29,375 $ 1.80 Earnings per share 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 | Choose Denominator: Choose Numerator: = Debt Ratio Debt ratio 2017: 0 0 % % 2016: Equity Ratio I Choose Denominator: Choose Numerator: = Equity Ratio Equity ratio 0 2017: % 2016: 0 % (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: 1 = (3) Times interest earned. Times Interest Earned Choose Numerator: 1 Choose Denominator: Times Interest Earned Times interest earned times 2017: 2016: times