Calculating the Debt Ratio and the Debt-to-Equity Ratio

Klynveld Companys balance sheet shows total liabilities of $94,000,000, total stockholders equity of $75,000,000, and total assets of $169,000,000.

Required:

1. Calculate the debt ratio. Round the debt ratio to the nearest percent. fill in the blank %

2. Calculate the debt-to-equity ratio. Round your answer to two decimal places. fill in the blank