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Calculate the Amount of Owner's Equity and the Two Leverage

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Calculate the amount of owner's equity and the two leverage ratios:  Total  Total  Owner’s  Debt to  Debt to  Assets  Equity  Company  Assets  Liabilities  Equity  Ratio  Ratio  Philip Industries $316,800$110,600\begin{array} { l l l l l l } & \text { Total } & \text { Total } & \text { Owner's } & \text { Debt to } & \text { Debt to } \\& \text { Assets } & \text { Equity } \\\text { Company } & \text { Assets } & \text { Liabilities } & \text { Equity } & \text { Ratio } & \text { Ratio } \\\text { Philip Industries } & \$ 316,800 & \$ 110,600 & & &\end{array}


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