Taylor Bikes Corporation reported a debt-to-equity ratio of 1.5 times at the end of 2023. If the firm's total debt at year-end was $12.00 million, how much equity does Taylor Bikes have? A. $18.00 million B. $8.00 million C. $6.00 million D. $12.00 million

Taylor Bikes Corporation reported a debt-to-equity ratio of 1.5 times at the end of 2023. If the firm's total debt at year-end was $12.00 million, how much equity does Taylor Bikes have? A. $18.00 million B. $8.00 million C. $6.00 million D. $12.00 million

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

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Question

Hoe much equity does Taylor Bikes have on these accounting question?

Taylor Bikes Corporation reported a debt-to-equity
ratio of 1.5 times at the end of 2023. If the firm's total
debt at year-end was $12.00 million, how much equity
does Taylor Bikes have?
A. $18.00 million
B. $8.00 million
C. $6.00 million
D. $12.00 million

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