Key comparative figures for Apple and Google follow.

Apple Google

$ millions Current Year Prior Year Current Year Prior Year

Total liabilities $$241,272$ $$193,437$ $ $44,793$ $ $28,461$

Total assets $375,319321,686197,295167,497$

Required:

$1.$ What is the debt ratio for Apple in the current year and for the prior year?

$2.$ What is the debt ratio for Google in the current year and for the prior year?

$3.$ Which of the two companies has the higher degree of financial leverage in the current year?