Rajan company's most recent balance sheet reported total assets of $2.10 million, total liabilities of $0.70 million, and total equity of $1.40 million. its debt to equity ratio is:

0.5.

Explanation:

Assets - Liabilities = Owner's Equity.

As the name states, the debt to equity ratio is simply obtained by dividing total debt (liabilities) by the total equity, total assets should not be included:

Rajan Company's  debt to equity ratio is 0.5.

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