Question: Chongo Co, had the following balances reported on their December 31st 20x9 financial statements uestion 5 lot complete Marked out of .00 Flag question Mortgage

Chongo Co, had the following balances reported on their December 31st 20x9 financial statements uestion 5 lot complete Marked out of .00 Flag question Mortgage payable Total Assets Long-term bank loan Accounts payable Other current liabilities $978812 S4040035 $744223 5404971 $199365 What is the debt-to-equity ratio for Chongo Co, using the information above? Debt is defined as long-term liabilities only. All of the company's liabilities are listed above. Select one: a. 1.36 b. 0.58 c. 1.01 d. 0.43 Check

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