Charger Company's most recent balance sheet reports total assets of $27,000,000, total liabilities of $15,000,000 and total equity of $12,000,000. The debt to equity ratio for the period is (rounded to two decimals):
A. 1.80
B. 0.80
C. 0.56
D. 0.44
E. 1.25
Answer: E
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