The following information comes from the financial statements of Karlla Peterson Company: MotaleliabilitiGSureme eee ei $100,000 Total stockholders’ equity............ 80,000 In addition, Karlla Peterson has a large number of operating leases. The payments on these operating leases total $20,000 per year for the next 15 years. The present value of the economic obligation associated with these operating leases is $150,000. Of course, because these are operating leases, this economic obligation is off the balance sheet. Compute the following ratio values: 1. Debt ratio. HINT: Remember the accounting equation. 2. Debt-to-equity ratio. Debt-to-equity ratio assuming that Karlla Peterson’s operating leases are accounted for as capital leases. = 4. Debt ratio assuming that Karlla Peterson’s operating leases are accounted for as capital leases.