You are considering a stock investment in one of two firms (LotsofDebt, Inc. and LotsofEquity, Inc.), both of which operate in the same industry. LotsofDebt, Inc. finances its $31.50 million in assets with $29.75 million in debt and $1.75 million in equity. LotsofEquity, Inc. finances its $31.50 million in assets with $1.75 million in debt and $29.75 million in equity.

Calculate the debt ratio. (Round your answers to 2 decimal places.)

	Debt ratio
Lots of Debt	%
Lots of Equity	%

Calculate the equity multiplier. (Round your answers to 2 decimal places.)

	Equity multiplier
Lots of Debt	times
Lots of Equity	times

Calculate the debt-to-equity. (Round your answers to 2 decimal places.)

	Debt-to-equity
Lots of Debt	times
Lots of Equity	times