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?
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?
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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What is the debt to equity ratio for the period???
![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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1b852876-b5c6-44ae-add5-eb91b045a7c9%2Fb509a927-cf0b-4759-b695-545489c6bc69%2Fz2ndeb_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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?
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