Samantha Knight is applying for a small-business loan. She provided the bank with the following information: cash in checking accounts: $5,000; cash in savings: $10,350; home market value: $145,500; first mortgage on house: $25,000; home equity loan limit: $70,000; home equity loan: $10,000; automobile market value: $19,000; automobile loan outstanding: $15,000; and credit card debt: $1,500.

Calculate the debt-to-asset ratio.

Calculate the debt-to-equity ratio.

Please provide the formula for each ratio in addition to your answers.