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You are considering a stock investment in one of two firms ( LotsofDebt , Inc. and LotsofEquity, Inc. ) , both of which operate in

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 $35.25 million in
assets with $32.75 million in debt and $2.50 million in equity.
LotsofEquity, Inc. finances its $35.25 million in assets with $2.50
million in debt and $32.75 million in equity. Calculate the debt
ratio. (Round your answers to 2 decimal places.) Debt ratio Lots of
Debt % Lots of Equity %

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