Charger Company's most recent balance sheet reports total assets of $31,598,000, total liabilities of $18,648,000 and total equity of $12,950,000. The debt to equity ratio for the period is (rounded to two decimals):

1.44

Explanation:

A debt-equity can be defined as a measure of the ratio of the total liabilities held by a company to its shareholder's equity. The debt-equity ratio can be found in a company's balance sheet and it's typically a strategic approach used to assess or evaluate the risks that are associated with a company's financing structure.

Given the following data;

Total assets = $31,598,000.

Total liabilities = $18,648,000.

Total equity = $12,950,000.

To find the debt-equity ratio;

Substituting into the equation, we have;

Debt-equity ratio = 1.44

Therefore, the debt to equity ratio for the period is 1.44.

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