Problem 14-7A Applying the debt-to-equity ratio LO A3

At the end of the current year, the following information is available for both Pulaski Company and Scott Company.

Required:

1. Compute the debt-to-equity ratios for both companies.

Total assets Total liabilities Total equity Pulaski Company $2,260,000 899,000 1, 361,000 Scott Company $1,129,000 593,000 536,000