Hello tutor solve this question accounting Pinnacle Corporation's most recent balance sheet reports totalassets of $35,750,000, total liabilities of $21,450,000, and totalequity of $14,300,000. The debt to equity ratio for the periodis:a. 0.60b. 1.50c. 0.40d. 2.50e. 1.67

Step 1: Definition of Debt-to-Equity RatioThe Debt-to-Equity (D/E) ratio is a financial metric that…

Answered: Pinnacle Corporation's most recent…

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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The debt to equity ratio for the period?
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