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Calculating the debt ratio and the debt-to-equity ratio

Question: 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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Accounting Basics: Calculating the debt ratio and the debt-to-equity ratio

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Accounting Basics: Calculating the debt ratio and the debt-to-equity ratio

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