Brief Exercise $18-45$ Computing Ratios LO$8$

MBC

The following information was obtained from recent annual reports of American Eagle Outfitters Inc. For both the current and prior fiscal years, compute the debt$-$to$-$equity ratio $($a$)$ including deferred tax liabilities as part of total liabilities, and $($b$)$ excluding deferred tax liabilities as part of total liabilities.

$\backslash$table$[[$$ thousands,Current Fiscal Year$-$End,Prior Fiscal Year$-$End$],[$Deferred tax liabilities.,$ $71,468,$$ $67,332],[$Total liabilities,$578,091,560,870],[$Total stockholders' equity $.,1,204,569,1,051,376$