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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

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: 1. Compute the debt-to-equity ratios for both companies. (Round your answers to 2 decimal places.) Debt-to-equity ratios Kumar Company Asher Company

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