The following information applies to the questions displayed below.J Simon Company's year-end balance sheets follow 2014 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 2015 2013 $ 31,800 35,625 $ 37,800 89,500 62,500 50,200 112,500 82,500 54,000 9,375 5,000 10,700 278,500 0 255,000 230,500 $523,000 $445,000 $377500 Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by $129,900 $ 75,250 $51,250 mortgages on plant assets Common stock, $10 par value Retained earnings 98,500 101,500 83,500 163,500 163,500 163,500 131,100 104,750 79,250 $523,000 $445,000 $377500 Total liabilities and equity The company's income statements for the years ended December 31, 2015 and 2014 follow. For Year Ended December 31 2015 2014 $532,000 $673,500 Sales Cost of goods sold Other operating 411,225 209,550 12,100 $345,500 134,980 13,300 expenses Interest expense Income taxes 9,525 8,845 502,625 Total costs and 642.400 expenses $ 31100 $29,375 Net income $1.90 $1.80 Earnings per share Calculate the company's long term risk and capital structure positions at the end of 2015 and 2014 by computing the following ratios. (1) Debt and equity ratios. Debt Ratico J Choose Numerator: Choose Denominator: Debt Ratio Debt ratio 2015 2014: Equity Ratio Choose Numerator Choose Denominator: Equity Ratio Equity ratio 2015: 2014