Joe owns and operates Socccer Stores of America. He has $250000 of his own money in the business as equity capital, but because of the use of debt, the total value of his stores is $1000000. Calculate the percentage of debt in the corporation, and the corporation's leverage factor.
Percentage of debt in the corporation= % _____
Place your answer in percentage form with two decimal places.
The corporation's leverage factor= _____
Place your answer as a number with two decimal places.