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Charger Company's most recent balance sheet reports total assets of $31,097,000, total liabilities of $18,247,000 and total equity of $12,850,000. What is the debt to equity ratio for the period is? a. 0.59 b. 1.70 c. 0.41 d. 0.70 e. 1.42

Charger Company's most recent balance sheet reports total assets of $31,097,000, total liabilities of $18,247,000 and total equity of $12,850,000. What is the debt to equity ratio for the period is? a. 0.59 b. 1.70 c. 0.41 d. 0.70 e. 1.42

Cornerstones of Financial Accounting
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 $31,097,000, total liabilities of $18,247,000 and total equity of $12,850,000. What is the debt to equity ratio for the period is? a. 0.59 b. 1.70 c. 0.41 d. 0.70 e. 1.42
Transcribed Image Text:Charger Company's most recent balance sheet reports total assets of $31,097,000, total liabilities of $18,247,000 and total equity of $12,850,000. What is the debt to equity ratio for the period is? a. 0.59 b. 1.70 c. 0.41 d. 0.70 e. 1.42
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