Compare the debt-to-equity ratios of Apple Inc. and Microsoft Corporation using the following financial data as of December 31, 2023:

Item	Apple Inc.	Microsoft Corporation
Total Liabilities	$100,000,000	$120,000,000
Shareholders' Equity	$80,000,000	$150,000,000

Question:

Which company has a higher debt-to-equity ratio? Calculate the debt-to-equity ratio for each company and compare.