Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2013, financial statements:

At December 31, 2012, total assets were $82,000 and total stockholders' equity was $32,600. There were no changes in notes payable or paid-in capital during 2013.

Debt Ratio: (47,500 + 1,600 + 1,500) / 90,000 which gives you 50,600 / 90,000 = .56 or rounded to .6

Debt Equity Ratio: (47,500 + 1,600 + 1,500) / (10,000 + 29,400) which gives 50,600 / 39,400 = 1.28 or rounded to 1.3

My homework checker is saying that it is wrong. Can you tell me what I might be doing wrong? I have been working on these ratios for hours and keep coming up with the same answer.

Net revenues Cost of services provided Depreciation expense $32,.200 11.400 6,500 Operating income Interest expense Income tax expense $ 14,300 3,800 3,200 Net income $ 7,300 At December 31, 2013: Assets Cash and short-term investments Accounts receivable, net Property, plant, and equipment, net $ 2,800 9,800 77400 Total assets $90,000 Liabilities and Stockholders Equity Accounts payable Income taxes payable Notes payable (long term) Paid-in capital Retained earnings $ 1,500 1,600 47500 10.000 29.400 Total liabilities and stockholders' equity $90.000