Brief Bxercise $15-31$ Calculating the Debt Ratio and the Debt$-$toEquity Ratio

Objective $4$ Example $15\mathrm{.}7$

Khumalo Company's balance sheet shows total liabilities of $$25,000,000,$ total stockholders' equity of $$50,000,000,$ and total assets of $$75,000,000.$

Required:

Note: Round answers to two decimal places.

Calculate the debt ratio.

Calculate the debt$-$to$-$equity ratio.