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castortr0y [4]
3 years ago
11

Charger Company's most recent balance sheet reports total assets of $32,868,000, total liabilities of $19,668,000 and total equi

ty of $13,200,000. The debt to equity ratio for the period is (rounded to two decimals):
Business
1 answer:
-Dominant- [34]3 years ago
4 0

Answer:

1.49

Explanation:

The computation of the debt equity ratio is shown below:

Debt Equity Ratio is

= Total liabilities ÷ total equity

= $19,668,000 ÷ $13,200,000

= 1.49

By dividing the total liabilities from the total equity we can get the debt equity ratio and the same is to be considered plus it also shows a relationship between the total liabilities and total equity

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