Homework: Ethics Assignment 0 Check my work mode : Thls sho 1 O [The fol/01.21179 Information applies to the questions displayed below. 1 Simon Company's year-end balance sheets follow. Pan 2of3 At Dace-her 31 ' Current Year 1 Yur- Ago 2 Years Ago Assets Cash In 27,5d1 5 31,237 5 32,535 Accounts receivable, net 83,613 56,896 45,616 2.14 Merchandise inventory 97,331 73,769 49,872 points Prepaid expenses 8,869 8,361 5,727 \"a\" 3559's) "9' W Iotal assets 1 462,17'8 S 598,429 I 333,890 Liabilities and Equity Accounts payable s 113,931 5 65,988 5 44.274 Long-term notes payable 84,235 92,555 75,624 Common stock, 519 par value \"525% 151,588 162,599 Retained earnings 161,46111 77,386 56,482 Total liabilities and equity 3' 452-173 5 3931439 3 3331396 The company's Income statements for the current year and one year ago. follow. For Veer Ened Decedaet' 31 cweat Year 1 Year Ago Sales 5 666,851 5 4751151 Cost of goods sold S 366,567 3 368,185 Other operating expenses 136,258 119,955 Interest expense 18,214 19,995 Income tax expense '.',311 ?.112 Total costs and expenses 573,798 4415.157 Net income 5 38.861 5 2?,974 Earnings per share 1 1.85 1 1.72 W % For both the current year and one year ago. compute the following ratlos: (2) Compute debt-toequny ratio for the current year and one year ago. I '0 Answer is complete but not entirely correct. 5 Total liabilities a_ Total equity 0 - Debbie-equity ratio 1111118!1 1111119!\"- 11111161 1111119! !