Exercise $3-3$ Assets$-$to$-$Equity Ratio $($Leverage$)$

A$.$ When calculating the $2017$ Assets$-$to$-$Equity Ratio, which financial statement line items are

used for the:

$1.2.$ Numerator? $$ The line item name on Toro$$s financial statement and the $ amounts.

Denominator? $$ The line item name on Toro$$s financial statement and the $ amounts.

B$.$ Calculate Toro$$s Assets$-$to$-$Equity Ratio for $2017.$ Round Average Total Assets and

Average Total Stockholders$$ Equity to whole numbers. Round your final answer to $2$

decimal places.

C$.$ The Assets$-$to$-$Equity Ratio is a$($n$)$:

$$up$-$arrow indicator $$down$-$arrow indicator $$up$-$down$-$arrow indicator

D$.$ On the Answer Sheet under your answer for item B$.$ is Tor