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?

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?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...

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Question

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General Accounting

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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