Please choose the correct ending to complete the given sentence: Finance and Business: [header] How to analyze debt to equity ratio [title] Determine the company's debt and equity. [step] You can find the information you'll need to make this calculation on the company's balance sheet. You will have to make some decisions about which of the balance sheet accounts to include in your calculation of debt.

Ending1: [title] Analyze the company's annual and discretionary expenditures. [step] High-fixed fees are associated with equity dividends and studies have shown that certain expenses do not tend to lower interest rates as much as lower-fixed spending (such as market share fees). Ending2: [substeps] Equity refers to the funds contributed by the stockholders, plus the company's earnings. The balance sheet should include a figure labeled as total equity. Ending3: These are called' meshes' in accounting terminology. The meshes are the same if a debt was listed before a period of time. Ending4: [substeps] You can use the figure calculated in the equation as a guideline for how much debt it will account for in the next step. [title] Check to see which balance sheets have discrepancies.

Answer format: ending1/ending2/ending3/ending4