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Debt-to-Equity Ratio Consider the following financial statement data for Hi-Tech Instruments * $25.00 par value; 2,000,000 shares Calculate the company's debt-to-equity ratio. Note: Round answers

Debt-to-Equity Ratio Consider the following financial statement data for Hi-Tech Instruments * $25.00 par value; 2,000,000 shares Calculate the company's debt-to-equity ratio. Note: Round answers to two decimal places, when appropriate. Compare the result to the industry average. The company's debt-to-equity ratio is than the industry's average

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