Charger company's most recent balance sheet reports total assets of $28,892,000, total liabilities of $16,492,000 and total equity of $12,400,000. the debt to equity ratio for the period is (rounded to two decimals) :

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Business

Jaden Cohen

5 July, 05:10

Charger company's most recent balance sheet reports total assets of $28,892,000, total liabilities of $16,492,000 and total equity of $12,400,000. the debt to equity ratio for the period is (rounded to two decimals) :

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Ortega · Answer 1

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.