Debt Management Ratios Trina's Trikes, Inc. reported a debt-to-equity ratio of 1.94 times at the end of 2018. If the firm's total debt at year-end was $10.60 million, how much equity does Trina's Trikes have? Multiple Choice $5.46 million $20.56 million $10.60 million $1.94 million
Debt Management Ratios Trina's Trikes, Inc. reported a debt-to-equity ratio of 1.94 times at the end of 2018. If the firm's total debt at year-end was $10.60 million, how much equity does Trina's Trikes have? Multiple Choice $5.46 million $20.56 million $10.60 million $1.94 million
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 61BE: Debt Management Ratios Glow Corporation provides annual and quarterly financial data to the public....
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Debt Management Ratios Trina's Trikes, Inc. reported a debt-to-equity ratio of 1.94 times at the end of 2018. If the firm's total debt at year-end was $10.60 million, how much equity does Trina's Trikes have?
Multiple Choice
-
$5.46 million
-
$20.56 million
-
$10.60 million
-
$1.94 million
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