Charger Company's most recent balance sheet reports total assets of $31,598,000, total liabilities of $18,648,000 and total equity of $12,950,000. The debt to equity ratio for the period is (rounded to two decimals):

1.44

Explanation:

A debt-equity can be defined as a measure of the ratio of the total liabilities held by a company to its shareholder's equity. The debt-equity ratio can be found in a company's balance sheet and it's typically a strategic approach used to assess or evaluate the risks that are associated with a company's financing structure.

Given the following data;

Total assets = $31,598,000.

Total liabilities = $18,648,000.

Total equity = $12,950,000.

To find the debt-equity ratio;

Substituting into the equation, we have;

Debt-equity ratio = 1.44

Therefore, the debt to equity ratio for the period is 1.44.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o