I need answer of this question Charger Company's most recent balance sheet reportstotal assets of $30,107,000, total liabilities of $17,457,000and total equity of $12,650,000. What is the debt toequity ratio for the period?

Step 1: Define Debt to Equity RatioThe debt to equity ratio is part of the leverage ratios which are…

Answered: Charger Company's most recent balance…

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 $30,107,000, total liabilities of $17,457,000 and total equity of $12,650,000. What is the debt to equity ratio for the period?