Upportu Or Saved Help Save Simon Company's year-end balance sheets follow. Current Yr 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 $ 26,558 75,449 93,904 8,299 241,467 $445,677 $ 30,429 $ 32,324 53,251 41,426 68,945 43,664 8,310 3,452 223,269 196,134 $ 384,204 $ 317,000 $109,864 $ 64,930 $ 42,681 3ook Hint 86,301 162,500 87,012 $445,677 89,251 70,057 162,500 162,500 67.52341,762 $ 384,204 $ 317,000 Print Terences 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 $579.380 $353, 422 179,608 9.849 1 yr ago $ 457,203 $297,182 115,672 10,516 6,858 430,228 $26.975 7.532 550,411 $ 28,969 $ 1.66 For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-9 Part 1 (1) Debt and equity ratios. Debt Ratio 1 Choose Denominator: Choose Numerator: = Debt Ratio Debt ratio Current Year: 1 Year Ago: Equity Ratio 1 Choose Denominator: Choose Numerator: - Equity Ratio Equity ratio Current Year: 1 Year Ago