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QS 4-16 Calculating debt to equity ratio LO7 The following is selected financial information from WestJet's Balance Sheet as at December 31, 2017 and 2016.

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QS 4-16 Calculating debt to equity ratio LO7 The following is selected financial information from WestJet's Balance Sheet as at December 31, 2017 and 2016. Calculate the debt to equity ratio for 2017 and 2016 (round to two decimal places). Comment on the change. (Numbers in thousands) 2017 2016 Current liabilities 1,726.954 1,621,333 Non-current liabilities 2,560,362 2,482,261 Shareholders' equity 2.212.524 2,060,702 *QS 4-17 Reversing entries LOS

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