12.Calculating the Debt Ratio and the Debt-to-Equity Ratio Ernst Company's balance sheet shows total liabilities of $32,849,300, total stockholders' equity of $8,729,000, and total assets of $41,578,300. Required: 1. Calculate the debt ratio. Round the percentage to two decimal places. % 2. Calculate the debt-to-equity ratio. Round to two decimal places. Feedback