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Calculating the Debt Ratio and the Debt - to - Equity Ratio Ernst Company's balance sheet shows total liabilities of $ 3 2 , 8

Calculating the Debt Ratio and the Debt-to-Equity Ratio
Ernst Company's balance sheet shows total liabilities of $32,844,300, total stockholders' equity of $11,659,000, and total assets of $44,503,300.
Required:
1. Calculate the debt ratio. Round the percentage to two decimal places.
fill in the blank 1 of 1%
2. Calculate the debt-to-equity ratio. Round to two decimal places.

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