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sergij07 [2.7K]
3 years ago
12

Charger company's most recent balance sheet reports total assets of $28,892,000, total liabilities of $16,492,000 and total equi

ty of $12,400,000. the debt to equity ratio for the period is (rounded to two decimals):
Business
1 answer:
jek_recluse [69]3 years ago
3 0
I would say that since the debt to equity ratio is the total liabilities divided by the total stockholder's equity is then $16,492,000/$12,400,000= 1.33. The debt to equity ratio is an indication of the amount of debt being used by a company to provide money to its assets relative to the amount of shareholder's equity.
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