The following information was obtained from recent annual reports of Company X

The following information was obtained from recent annual reports of Company X. S thousands Deferred tax liabilities Total liabiilities Total stockholders' equity Current Fiscal Year-End Prior Fiscal Year-End $89,335 755,594 $84,165 733,085 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 Debt-to-equity ratio a. Include deferred tax liabilities b. Exclude deferred tax liabilities Debt-to-equity ratio a. Include deferred tax liabilities b. Exclude deferred tax liabilities Numerator Denominator Prior Fiscal Year-End Numerator Denominator Result Result