Required information

Exercise $13-10($Algo$)$ Analyzing risk and capital structure LO P$3[$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.

Exercise $13-10($Algo$)$ Part $1[$Alternate Version$]$

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