P10-1 Analyzing the Use of Debt LO 10-1, 10-6 Last year, Arbor Corporation reported the following Total Shanehoiders Equity $390 000 This year, Artor is considering whether to ssue more debt to fund a $100,000 project or to issue addtional shares of oommon stock. Both options will bring in exacty $100.000. Arbor's oument debt contracts contain a debt covenant that requires it maiiain a debt to-equlty ratio of 2.00 or less Required 1. Caloulate Arbor's cument debe-to-equity raio (Round your answer to 2 decimal places) 2. Caloulate Artor's dett-to equity ratio assuming funds the project using additional debt (Round your answer to 2 decimal places ca eine Ator'sdebeoequity reto assuring "nds po project by issuing oommor, stok "Round your snewer to 2 decinal places.) P10-1 Analyzing the Use of Debt LO 10-1, 10-6 Last year, Arbor Corporation reported the following Total Shanehoiders Equity $390 000 This year, Artor is considering whether to ssue more debt to fund a $100,000 project or to issue addtional shares of oommon stock. Both options will bring in exacty $100.000. Arbor's oument debt contracts contain a debt covenant that requires it maiiain a debt to-equlty ratio of 2.00 or less Required 1. Caloulate Arbor's cument debe-to-equity raio (Round your answer to 2 decimal places) 2. Caloulate Artor's dett-to equity ratio assuming funds the project using additional debt (Round your answer to 2 decimal places ca eine Ator'sdebeoequity reto assuring "nds po project by issuing oommor, stok "Round your snewer to 2 decinal places.)