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

d) 0.73

Explanation:

Debt to equity ratio is a financial measurement to gives insights into how much of an entity's operation are funded by debt and owners funds (equity).

Given that Rajan company's most recent balance sheet had the following;

Total asset = $1.9 million

Total liabilities = $0.8 million

Total equity = $1.1 million

Debt to equity ratio = $0.8 million/$1.1 million

= 0.73

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