Exercise 10-12 Applying debt-to-equity ratio LO A3 Montclair Company is considering a project that will require a $580,000 loan. It presently has total liabilities of $180,000, and total assets of $660,000 1. Compute Montclair's (a) present debt-to-equity ratio and (b) the debt-to-equity ratio assuming it borrows $580,000 to fund the project Choose Numerator: Choose Denominator: Debt-to-Equity Ratio