Ratio Analysis

Trevor Corporation had $2,900,000 in total liabilities and $4,300,000 in total assets as of December 31, 2019. Trevor calculates that 40% of assets are designated as current, while $500,000 of Trevor's total liabilities are long-term.

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Ratio Analysis Trevor Corporation had $2,900,000 in total liabilities and $4,300,000 in total assets as of Decem ber 31, 2019. Trevor calculates that 40% of assets are designated as current, while $500,000 of Trevor's total liabilities are long-term Required: Calculate Trevor's debt to assets ratio and its long-term debt to equity ratio. Round your answers to two decimal places Debt to Total Assets Long-Term Debt to Total Equity