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Ernst Company's balance sheet shows total liabilities of $32,500,000, total stockholders' equity of $8,125,000, and total assets of $40,625,000. Required: 1. Calculate the debt ratio.
Ernst Company's balance sheet shows total liabilities of $32,500,000, total stockholders' equity of $8,125,000, and total assets of $40,625,000.
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. fill in the blank
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