Oh how strange! The text provides a section of ratios it calls the "Financing Decisions" ratios, and there's nothing wrong about that. But the text excludes the most common leverage ratio, the debt-to-equity ratio. (Most texts call that section the "leverage ratios"
instead of the "nancing decisions" ratios.) The text does include the debt ratio.
How is the debt ratio computed?
If the debt ratio is 2.35, how close can you come to guessing/calculating the debt-to-equity ratio?