Rajan Company's most recent balance sheet reported total assets of $1.94 million, total liabilities of $0.78 million, and total equity of $1.16 million. Its Debt to equity ratio is:
A. 0.402
B. 0.598
C. 1.490
D. 0.672
E. 1.000
Debt to equity ratio=debt/equity
=0.78/1.16
which is equal to
=0.672(Approx).
Rajan Company's most recent balance sheet reported total assets of $1.94 million, total liabilities of $0.78...
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