Alexander Corp Calculate the Debt to Equity Ratio

question 32

Multiple Choice

Alexander Corp. has the following balances as on December 31, 2015: $$\begin{array} { | l | r | } \hline \text { Total Assets } & \$ 89,000 \\\hline \text { Total Liabilities } & 54,000 \\\hline \text { Total Equity } & 35,000 \\\hline\end{array}$$ Calculate the debt to equity ratio.

• A) 0.64
• B) 0.04
• C) 1.54
• D) 1.65

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