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At the end of the current year, the following information is available for both Kumar Company and Asher Company.
Kumar Company Asher CompanyTotal assets $ 2,326,000 $ 1,195,000 Total liabilities 833,000 527,000 Total equity 1,493,000 668,000
Required:
1. Compute the debt-to-equity ratios for both companies. (Round your answers to 2 decimal places.)
Debt-to-equity ratiosKumar Company Asher Company
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