Debt Management Ratio's Trina's Trikes Inc reported a debt to equity ratio of 1.91 times at the end of 2018.  If the forms total debt at year - end was $10.90 million, how much equity does Trina's Trikes Have?

Cornerstones of Financial Accounting
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Author:Jay Rich, Jeff Jones
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Chapter12: Fainancial Statement Analysis
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Problem 61BE: Debt Management Ratios Glow Corporation provides annual and quarterly financial data to the public....
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Debt Management Ratio's

Trina's Trikes Inc reported a debt to equity ratio of 1.91 times at the end of 2018. 

If the forms total debt at year - end was $10.90 million, how much equity does Trina's Trikes Have?

 

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