Charger Company's most recent balance sheet reports total assets of $28,892,000, total liabilities of $16,492,000, and total equity of $12,400,000. The debt to equity ratio for the period is: a. 0.57 b. 1.75 c. 0.43 d. 0.75 e. 1.33

Charger Company's most recent balance sheet reports total assets of $28,892,000, total liabilities of $16,492,000, and total equity of $12,400,000. The debt to equity ratio for the period is: a. 0.57 b. 1.75 c. 0.43 d. 0.75 e. 1.33

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...

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Question

The debt to equity ratio for the period? General accounting

Charger Company's most recent balance sheet reports total assets
of $28,892,000, total liabilities of $16,492,000, and total equity of
$12,400,000. The debt to equity ratio for the period is:
a. 0.57
b. 1.75
c. 0.43
d. 0.75
e. 1.33

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