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Stark Company's most recent balance sheet reported total assets of $1.82 million, total liabilities of $0.84 million, and total equity of $0.98 million. Its Debt to equity ratio is:
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Stark Company's most recent balance sheet reported total assets of $1.82 million, total liabilities of $0.84 million, and total equity of $0.98 million. Its Debt to equity ratio is:

User Camilo Sanchez
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1 Answer

4 votes

Answer:

Debt to Equity Ratio = 0.86

Step-by-step explanation:

Debt to Equity Ratio = Total Liabilities / Stockholder's Equity

Total Liabilities = $0.84 million

Stockholder's Equity = $0.98 million

Debt to Equity Ratio = $0.84 million / $0.98 million

Debt to Equity Ratio = 0.857143

Debt to Equity Ratio = 0.86

User FrancesKR
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