Required information Exercise 13-9 Risk and capital structure analysis LO P3 [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow Assets Cash Accounts receivable, net Merchandise inventory Prepaid expense:s Plant assets, net Total assets 31,800 s 35,625 $ 37,80e 89,500 62,5005e,280 112,500 82,500 54,eee 9,375 278,500 255,00230,5e0 $523,000 $445,000 $ 377,580 5,ee0 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 98,580 101,500 83,580 163,500 163,580 163,500 79,250 100 104,750 523,000 $445,000 377,589 The company's income statements for the years ended December 31, 2017 and 2016, follow 8 9 of 13 di arch Help Save& The company's income statements for the years ended December 31, 2017 and 2016, follow 673,580 Cost of goods sold other operating expenses Interest expense $411,225 209,550 12,180 9,525 345,580 134,988 13,309 8,845 Total costs and expenses 642,400 $31,100 $ 1.90 $ 29,375 S 1.80 Calculate the companys long-term risk and capital structure postions at the end of 2017 and 2016 by computing the following ratios. Exercise 13-9 Part 2 (2) Debt-to-equity ratio Choose Denominator:Debt-To-Equity Ratio Choose Numerator: Prey 89of13 Next > i e search 8 Required information Part 2 of 3(2) Debt-to-equity ratio 0.76 points ratio 2017: to 1 0 2016: to 1 Preyf13 Next > 8 9 of Next> Type here to search