Why is this incorrect, how do I correct, and how do I do the rest of the problem?

Debt Ratio Denominator: Numerator: Debt Ratio Debt ratio Total liabilities 1 Total assets $ 498,222 X 1 100.0 % Current Year: 1 Year Ago: $ 429,502 100.0 % $ 498,222 $ 429,502 Equity Ratio Denominator: Numerator: Total equity 1 1 Equity Ratio Equity ratio Total assets $ 498,2221 $ 498,222 100.0 % Current Year: 1 Year Ago: $ 429,502 X 1 $ 429,502 100.0 % The company's income statements for the current year and one 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 Year $ 647,689 $ 395, 090 200, 784 11, 011 8, 420 615, 305 $ 32,384 $ 1.99 1 Year Ago $ 511, 107 $ 332, 220 129, 310 11,755 7,667 480,952 $ 30,155 $ 1.86 (1) Compute debt and equity ratio for the current year and one year ago. Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 29, 689 82,640 106, 047 9, 466 270, 380 $ 498, 222 $ 35, 047 59,529 78,663 8, 749 247,514 $ 429,502 $ 34,739 46, 782 51, 323 3, 744 214,312 $ 350, 900 $ 125, 298 92,729 162,500 117, 695 $ 498, 222 $ 71,134 98, 785 162,500 97,083 $ 429,502 $ 46, 782 78, 324 162,500 63, 294 $ 350, 900 The company's income statements for the current year and one 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 Year $ 647,689 $ 395, 090 200, 784 11, 011 8, 420 615, 305 $ 32, 384 $ 1.99 1 Year Ago $ 511, 107 $ 332, 220 129, 310 11,755 7,667 480,952 $ 30, 155 $ 1.86 2-a) Compute debt-to-equity ratio for the current year and one year ago. 2-b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? Times Interest Earned Numerator: I Denominator: = / Il Times Interest Earned Times interest earned times times Current Year: / 11 1 Year Ago: 11