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

Question

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The Answer of 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

Rajan Company's Most Recent Balance Sheet Reported Total Assets of $1.9