Rajan Companys most recent balance sheet reported total assets of million

Question

Rajan Company's most recent balance sheet reported total assets of $1.9 million, total liabilities of $0.8 million, and total equity of $1.1 million. Its Debt to equity ratio is:
A. 0.42
B. 0.58
C. 1.38
D. 0.73
E. 1.00

Answer

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