Calculating the Debt Ratio and the Debt-to-Equity Ratio Ernst Company’s balance sheet shows total… 1 answer below »

Calculating the Debt Ratio and the Debt-to-Equity Ratio Ernst Company’s balance sheet shows total liabilities of $27,600,100, total stockholders’ equity of $12,355,000, and total assets of $39,955,100. Required:

1. Calculate the debt ratio.

2. Calculate the debt-to-equity ratio.

 

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