[the following information applies to the questions displayed below.] simon company’s year-end balance sheets follow. at december 31201720162015assets cash$31,800 $35,625 $37,800 accounts receivable, net 89,500 62,500 50,200 merchandise inventory 112,500 82,500 54,000 prepaid expenses 10,700 9,375 5,000 plant assets, net 278,500 255,000 230,500 total assets$523,000 $445,000 $377,500 liabilities and equity accounts payable$129,900 $75,250 $51,250 long-term notes payable secured bymortgages on plant assets 98,500 101,500 83,500 common stock, $10 par value 163,500 163,500 163,500 retained earnings 131,100 104,750 79,250 total liabilities and equity$523,000 $445,000 $377,500 the company’s income statements for the years ended december 31, 2017 and 2016, follow. for year ended december 3120172016sales $673,500 $532,000 cost of goods sold$411,225 $345,500 other operating expenses 209,550 134,980 interest expense 12,100 13,300 income taxes 9,525 8,845 total costs and expenses 642,400 502,625 net income $31,100 $29,375 earnings per share $1.90 $1.80 calculate the company’s long-term risk and capital structure positions at the end of 2017 and 2016 by computing the following ratios.(2) debt-to-equity ratio.