Problem $3-6$ Debt Management Ratios $($LG$3-3)$

You are considering a stock investment in one of two firms $($LotsofDebt$,$ Inc. and LotsofEquity, Inc.$),$ both of which operate in the same industry. LotsofDebt, Inc. finances its $$35\mathrm{.}25$ million in assets with $$31\mathrm{.}50$ million in debt and $$3\mathrm{.}75$ million in equity. LotsofEquity, Inc. finances its $$35\mathrm{.}25$ million in assets with $$3\mathrm{.}75$ million in debt and $$31\mathrm{.}50$ million in equity.

Calculate the debt ratio. $($Round your answers to $2$ decimal places.$)$

$\backslash$table$[[,$Debt ratio$],[$LotsofDebt$,$ Inc.,,$\%$