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Required Information [The following information applies to the questions displayed below.) 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 $ 27,489 82,958 105,337 9,035 255, 513 $480, 332 $ 33,458 $ 33,827 57,971 45,549 78,983 47,878 8,696 3,833 235,651 208,013 $ 414,79 $ 338,300 $121,995 $ 67,880 $ 44,656 90,3e2 162, see 105, 535 $480,332 93,333 75,512 162,500 162,500 98,366 55,632 $ 414,079 $ 338,300 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 Current Yr $624,432 $380,984 193,574 10,615 8,118 593,211 $ 31,221 1 yr Ago $ 492,754 $320,290 124,667 11,333 7,391 463,681 $ 29,073 Earnings per share $ 1.92 $ 1.79 For both the Current Year and 1 Year Ago, compute the following ratios: (1) Debt and equity ratlos. Debt Ratio Choose Numerator: 1 Choose Denominator: = Debt Ratio Debt ratio 1 = Current Year: 1 Year Ago: = 11 % Equity Ratio Choose Numerator: 1 Choose Denominator: = Equity Ratio Equity ratio / Current Year: 1 = 1 Year Ago: 1 = 96

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