Suppose you calculated a debt ratio using debt plus equity as the denominator, which is shown on the second half of the above table. Which ratio _ debt-to-equity or debt-to-debt & equity _ seems easiest to interpret? As an investor, which company (ies) do you view having a favorable trend in the debt-to-equity ratio? Why?

Use the information presented in the below table

DISCA DISH LBTYA Debt to Equity Ratio 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31 Discovery Inc 1.42 1.53 3.21 2.00 1.56 DISH Network Corp 5.00 3.57 2.34 1.76 1.22 Liberty Global PLC 4.25 2.73 4.80 6.37 2.07 DISCA DISH LBTYA Discovery Inc DISH Network Corp Liberty Global PLC Debt to Debt & Equity 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31 59% 61% 76% 67% 61% 83% 78% 70% 64% 55% 81% 73% 83% 86% 67% DISCA DISH LBTYA Debt to Equity Ratio 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31 Discovery Inc 1.42 1.53 3.21 2.00 1.56 DISH Network Corp 5.00 3.57 2.34 1.76 1.22 Liberty Global PLC 4.25 2.73 4.80 6.37 2.07 DISCA DISH LBTYA Discovery Inc DISH Network Corp Liberty Global PLC Debt to Debt & Equity 2015-12-31 2016-12-31 2017-12-31 2018-12-31 2019-12-31 59% 61% 76% 67% 61% 83% 78% 70% 64% 55% 81% 73% 83% 86% 67%