Computing Ratios

The following information was obtained from recent annual reports on Form 10-K for American Eagle Outfitters, Inc.

$ thousands Jan. 28, 2017 Jan. 30, 2016 Jan. 31, 2015

Deferred tax liabilities $71,468 $67,332 $36,289

Total liabilities 578,091 560,870 557,162

Total stockholders' equity 1,204,569 1,051,376 1,139,746

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.

Note: Round ratios to two decimal places (for example, enter .32 for .3156).

Debt-to-equity ratio Jan. 28, 2017 Jan. 30, 2016 Jan. 31, 2015

1. Include deferred tax liabilities
2. Exclude deferred tax liabilities