Charger Company's Most Recent Balance Sheet Reports Total Assets of $27,000,000

Multiple Choice

Charger Company's most recent balance sheet reports total assets of $27,000,000, total liabilities of $15,000,000 and total equity of $12,000,000. The debt to equity ratio for the period is (rounded to two decimals) :

A) 1.80
B) 0.56
C) 1.25
D) 0.80
E) 0.44