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Calculating the Debt Ratio and the Debt-to-Equity Ratio Ernst Company's balance sheet shows total liabilities...

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Accounting

Calculating the Debt Ratio and the Debt-to-Equity Ratio Ernst Company's balance sheet shows total liabilities of $32,757,300, total stockholders' equity of $8,333,000, and total assets of $41,090,300. Required: 1. Calculate the debt ratio. Round the percentage to two decimal places. % 2. Calculate the debt-to-equity ratio. Round to two decimal places.

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