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s2008m [1.1K]
10 months ago
15

charger company's most recent balance sheet reports total assets of $28,413,000, total liabilities of $16,113,000 and total equi

ty 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
Business
1 answer:
OleMash [197]10 months ago
5 0

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

<h3>How to find the debt to equity ratio?</h3>

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

Find out more on the debt to equity ratio at brainly.com/question/27993089

#SPJ1

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