Question: Two public corporations, First Engineering and Midwest Development, each show capitalization of $175 million in their annual reports. The balance sheet for First indicates total

Two public corporations, First Engineering and Midwest Development, each show capitalization of $175 million in their annual reports. The balance sheet for First indicates total debt of $96 million and that of Midwest indicates net worth of $87 million. Determine the D-E mix for each company.

The D-E mix for First Engineering is % %.

The D-E mix for Midwest Development is % %.

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