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Compute the debt-to-equity ratios for both companies

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Reference no: EM131809101

Question - At the end of the current year, the following information is available for both Kumar Company and Asher Company.

Kumar Company Asher Company

Total assets $ 2,326,000 $ 1,195,000

Total liabilities 833,000 527,000

Total equity 1,493,000 668,000

Required: Compute the debt-to-equity ratios for both companies. (Round your answers to 2 decimal places.)

Reference no: EM131809101

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