Simon Company's year$-$end balance sheets follow.

$\backslash$table$[[$At December $31,$Current Year,$1$ Year Ago,$2$ Years Ago$],[$Assets$,,,],[$Cash$,$$$36,563,$$$42,739,$$$43,656],[$Accounts receivable, net,$105,972,74,038,58,784],[$Merchandise inventory,$131,894,98,835,63,237],[$Prepaid expenses,$11,537,11,219,4,707],[$Plant assets, net,$340,014,312,807,266,216],[$Total assets,$$625,980,$$$539,638,$$$436,600],[$Liabilities and Equity,,,$],[$Accounts payable,$$152,752,$$$92,111,$$$57,631],[$Long$-$term notes payable,$118,861,125,358,99,383],[$Common stock, $$10$ par value,$162,500,162,500,162,500],[$Retained earnings,$191,867,159,669,117,086],[$Total liabilities and equity,$$625,980,$$$539,638,$$$436,600]]$

The company's income statements for the current year and one year ago, follow.

$\backslash$table$[[$For Year Ended December $31,$Current Year,$1$Ye$,$Ago$],[$Sales$,,$$$813,774,,$$$642,169],[$Cost of goods sold,$$496,402,,$$$417,410,],[$Other operating expenses,$252,270,,162,469,],[\backslash$table$[[$Interest expense$]],13,834,,14,770,],[$Income tax expense,$10,579,,9,633,],[$Total costs and expenses,,$773,085,,604,282],[$Net income,,$$40,689,,$$$37,887],[$Earnings per share,,$$2\mathrm{.}50,,$$$2\mathrm{.}33]]$

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

$\backslash$table$[[$Debt Ratio$],[,$Numerator:,$1,$Denominator:,$=,$Debt Ratio$],[,,1,,=,$Debt ratio$],[$Current Year:,,$1,,=,\%],[1$ Year Ago:,,$1,,=,\%],[$Equity Ratio$],[,$Numerator:,$1,$Denominator:,$=,$Equity Ratio$],[,,1,,=,$Equity ratio$],[$Current Year:,,$1,,=,\%]]$