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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):

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ayokenny2001

Answer:

Debt to equity ratio is 1.31

Explanation:

Given the above inflation, the formula for debt to equity ratio is

= Total debt / Total equity

= $16,113,000 / $12,300,000

= 1.31

Therefore, debt to equity ratio is 1.31

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