Delta Corporation's most recent balance sheet reports total assets of $18,500,000, total liabilities of $10,500,000, and total equity of $8,000,000. The debt to equity ratio for the period is: A. 0.95 B. 1.30 C. 1.25 D. 1.50 E. 0.80

Delta Corporation's most recent balance sheet reports total assets of $18,500,000, total liabilities of $10,500,000, and total equity of $8,000,000. The debt to equity ratio for the period is: A. 0.95 B. 1.30 C. 1.25 D. 1.50 E. 0.80

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter9: Current Liabilities And Contingent Obligations

Section: Chapter Questions

Problem 11GI

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Delta Corporation's most recent balance sheet reports total assets of $18,500,000,
total liabilities of $10,500,000, and total equity of $8,000,000. The debt to equity
ratio for the period is:
A. 0.95
B. 1.30
C. 1.25
D. 1.50
E. 0.80

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