The following information was obtained from recent annual reports of Company X. $ thousands Deferred tax liabilities Total liabilities Total stockholders' equity Current Fiscal

 

The following information was obtained from recent annual reports of Company X. $ thousands Deferred tax liabilities Total liabilities Total stockholders' equity Current Fiscal Year-End Prior Fiscal Year-End $89,335 $84,165 755,594 733,085 1,539,688 1,343,876 For both the current and prior fiscal years, compute the debt-to-equity ratio (a) including deferred tax liabilities as part of total liabilities, and (b) excluding deferred tax liabilities as part of total liabilities. Current Fiscal Year-End Numerator Debt-to-equity ratio a. Include deferred tax liabilities $ b. Exclude deferred tax liabilities $ Denominator Debt-to-equity ratio a. Include deferred tax liabilities $ b. Exclude deferred tax liabilities $ 0 + $ 0 + $ Prior Fiscal Year-End Numerator 0 = 0 = Denominator 0 = $ 0 + $ 0= 0 = Result Result