Charger Company's most recent balance sheet reports total assets of $28,175,000, total liabilities of $15,925,000, and total equity of $12,250,000. The debt to equity ratio for the period is: A. 0.57 B. 1.77 C. 0.43 D. 0.77 E. 1.30
Charger Company's most recent balance sheet reports total assets of $28,175,000, total liabilities of $15,925,000, and total equity of $12,250,000. The debt to equity ratio for the period is: A. 0.57 B. 1.77 C. 0.43 D. 0.77 E. 1.30
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 23MCQ
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![Charger Company's most recent balance sheet reports total assets of
$28,175,000, total liabilities of $15,925,000, and total equity of $12,250,000.
The debt to equity ratio for the period is:
A. 0.57
B. 1.77
C. 0.43
D. 0.77
E. 1.30](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4492afdd-d8e0-49d7-9f1c-cced7f1d5226%2Fa9ee3820-6e3d-4bcc-9f32-054b55cfd0a7%2Fhjb7m9v_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Charger Company's most recent balance sheet reports total assets of
$28,175,000, total liabilities of $15,925,000, and total equity of $12,250,000.
The debt to equity ratio for the period is:
A. 0.57
B. 1.77
C. 0.43
D. 0.77
E. 1.30
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