Question: Chongo Co. had the following balances reported on their December 31st 20x9 financial statements: Mortgage payable Total Assets Long-term bank loan Accounts payable Other current

Chongo Co. had the following balances reported on their December 31st 20x9 financial statements: Mortgage payable Total Assets Long-term bank loan Accounts payable Other current liabilities S978812 54040035 S744223 S404971 S199365 What is the debt-to-equity ratio for Chongo Cousing 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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