Rajan Enterprises recently reported the following financial data: Financial Data Amount ($) Total Assets 2.5 million Total Liabilities 1.2 million Total Equity 1.3 million What is the Debt-to-Equity Ratio for Rajan Enterprises?
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- What is the debt to equity ratio for the period??? General accountingWhat is the debt to equity ratio on these financial accounting question?Compute the following ratios for the most recent two years, show all values in the computations: 1.Current ratio 2.Accounts receivable turnover 3.Debt ratio(TotalLiabilities/Total Assets, as a percentage) 4.Debt-to-equity ratio Based on the results above, what conclusions can you make about the liquidity and solvency of the company?