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Rajan Company's most recent balance sheet reported total assets of $1.94 million, total liabilities of...

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Accounting

Rajan Company's most recent balance sheet reported total assets of $1.94 million, total liabilities of $0.78 million, and total equity of $1.16 million. Its Debt to equity ratio is:

A. 0.402

B. 0.598

C. 1.490

D. 0.672

E. 1.000

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