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

question 130

Multiple Choice

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) 0.58
• B) 1.38
• C) 1.00
• D) 0.73
• E) 0.42

---

Definitions:

Pastime

An activity that one does regularly for enjoyment rather than work; a hobby or leisure activity.

Genus

A class or group of entities that share common characteristics, often used in biology to classify organisms but also applicable in logic and philosophy.

Cayenne

A hot chili pepper used to flavor dishes, also known for its medicinal properties.

Organism

A living entity that can act or function independently, often consisting of multiple cells.