The following information applies to the questions displayed below.]

Simon Companys year-end balance sheets follow.

At December 31	Current Year	1 Year Ago	2 Years Ago
Assets
Cash	$ 25,113	$ 29,355	$ 29,678
Accounts receivable, net	69,217	51,371	41,186
Merchandise inventory	88,821	67,217	42,569
Prepaid expenses	7,929	7,554	3,264
Plant assets, net	226,216	204,241	189,203
Total assets	$ 417,296	$ 359,738	$ 305,900
Liabilities and Equity
Accounts payable	$ 107,024	$ 59,580	$ 41,186
Long-term notes payable	78,452	84,395	66,928
Common stock, $10 par value	162,500	162,500	162,500
Retained earnings	69,320	53,263	35,286
Total liabilities and equity	$ 417,296	$ 359,738	$ 305,900

The companys income statements for the current year and one year ago, follow.

For Year Ended December 31	Current Year	1 Year Ago
Sales		$ 542,485		$ 428,088
Cost of goods sold	$ 330,916		$ 278,257
Other operating expenses	168,170		108,306
Interest expense	9,222		9,846
Income tax expense	7,052		6,421
Total costs and expenses		515,360		402,830
Net income		$ 27,125		$ 25,258
Earnings per share		$ 1.67		$ 1.55

(1) Compute debt and equity ratio for the current year and one year ago.