(Answered) Debt ratio debt-to-equity ratiobusch companys balance sheet

Accounting

Debt Ratio, Debt-to-Equity Ratio

Busch Company's balance sheet shows total liabilities of $610,000, total equity of $156,000, and total assets of $766,000.

Required:

1. Calculate the debt ratio. Round to two decimal places.

2. Calculate the debt-to-equity ratio. Round to two decimal places.

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