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Charger Steel Inc. has the following financial data from its most recent balance sheet: Total Assets = $35,500,000 Total Liabilities = $21,300,000 Total Equity = $14,200,000 What is Charger Steel Inc.'s debt-to-equity ratio? a. 1.50 b. 0.67 c. 1.23 d. 0.98

Charger Steel Inc. has the following financial data from its most recent balance sheet: Total Assets = $35,500,000 Total Liabilities = $21,300,000 Total Equity = $14,200,000 What is Charger Steel Inc.'s debt-to-equity ratio? a. 1.50 b. 0.67 c. 1.23 d. 0.98

Managerial Accounting: The Cornerstone of Business Decision-Making
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 49E
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Financial Accounting Question

Charger Steel Inc. has the following financial data from its most recent balance sheet: Total Assets = $35,500,000 Total Liabilities = $21,300,000 Total Equity = $14,200,000 What is Charger Steel Inc.'s debt-to-equity ratio? a. 1.50 b. 0.67 c. 1.23 d. 0.98
Transcribed Image Text:Charger Steel Inc. has the following financial data from its most recent balance sheet: Total Assets = $35,500,000 Total Liabilities = $21,300,000 Total Equity = $14,200,000 What is Charger Steel Inc.'s debt-to-equity ratio? a. 1.50 b. 0.67 c. 1.23 d. 0.98
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