Question

charger company's most recent balance sheet reports total assets of $28,413,000, total liabilities of $16,113,000 and total equity of $12,300,000. the debt to equity ratio for the period is (rounded to two decimals): multiple choice 0.57 1.76 0.43 0.76 1.31

Answer 1

The debt to equity ratio for the period, based on the total liabilities and total equity, would be  1.31

How to find the debt to equity ratio?

The debt to equity ratio shows the amount of debt that a company has as a ratio of the debts to the equity that the company has.

The debt to equity ratio can be found by the formula:

= Total liabilities / Total Equity

Total liabilities = $16, 113, 000

Total equity = $12, 300, 000

The debt to equity ratio is therefore:
= 16, 113, 000 / 12, 300, 000

= 1.31

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