Accounting...charger company's most... 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. 0.59b. 1.70c. 0.41d. 0.70e. 1.42

Step 1: Define Debt-equity RatioA financial ratio that estimates the fraction of debt and equity in…

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 $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