The debt ratio of Dynasty Industries, a Japanese corporation, is 62%. Why might this be difficult to compare to the debt ratio of a U.S. manufacturing corporation?

U.S. companies generally have debt ratios greater than 62%.

U.S. companies generally have debt ratios less than 62%.

Japanese financing preferences may be different from American preferences.

Japanese companies report assets and liabilities in yen, whereas U.S. companies report in dollars.