Question - At the end of the current year, the following information is available for both Kumar Company and Asher Company.
Kumar Company Asher Company
Total assets $ 2,326,000 $ 1,195,000
Total liabilities 833,000 527,000
Total equity 1,493,000 668,000
Required: Compute the debt-to-equity ratios for both companies. (Round your answers to 2 decimal places.)