Exercise 13-9 (Algo) Analyzing risk and capital structure LO P3 [Alternate Version] [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. The company's income statements for the current year and one year ago, follow. \begin{tabular}{|c|c|c|c|c|} \hline For Year Ended December 31 & \multicolumn{2}{|c|}{ Current Year } & \multicolumn{2}{|c|}{1 Year Ago } \\ \hline Sales & & $738,390 & & $582,681 \\ \hline Cost of goods sold & $450,418 & & $378,743 & \\ \hline Other operating expenses & 228,901 & & 147,418 & \\ \hline Interest expense & 12,553 & & 13,402 & \\ \hline Income tax expense & 9,599 & & 8,740 & \\ \hline Total costs and expenses & & 701,471 & & 548,303 \\ \hline Net income & & $36,919 & & $34,378 \\ \hline Earnings per share & & $2.27 & & $2.12 \\ \hline \end{tabular} (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? Complete this question by entering your answers in the tabs below. Compute debt-to-equity ratio for the current year and one year ago. Complete this question by entering your answers in the tabs below. Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? Based on debt-to-equity ratio, the company has debt in the current year versus one year ago