I want to correct answer accounting question Mountain Creek Manufacturing reported a debt to equity ratio of 2.5times at the end of 2024. If the firm's total assets at year-end were $24.8million, how much of their assets are financed with equity?a. $7.09Mb. $17.71Mc. $62Md. $9.92M

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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 23MCQ

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Mountain Creek Manufacturing reported a debt to equity ratio of 2.5 times at the end of 2024. If the firm's total assets at year-end were $24.8 million, how much of their assets are financed with equity? a. $7.09M b. $17.71M c. $62M d. $9.92M