Computing the debt ratio Compute the debt ratio for the following companies.

a. Bob’s Barbecue had total assets of \($370,000\), total liabilities of \($121,500\), and total equity of \($248,500.\) 

b. Connie’s Christmas Shop had total assets of \($250,000\), total liabilities of \($137,500\), and total equity of \($112,500.\) 

c. Donna’s Donuts had total assets of \($125,000\), total liabilities of \($50,000\), and total equity of \($75,000.\)