Ernst Companys balance sheet shows total liabilities of $32,500,000, total stockholders equity of $8,125,000, and total assets
Question:
Ernst Company’s balance sheet shows total liabilities of $32,500,000, total stockholders’ equity of $8,125,000, and total assets of $40,625,000.
Required:
1. Calculate the debt ratio.
2. Calculate the debt-to-equity ratio.
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