TechVision Inc reported a debt to equity ratio of 1.5 times at the end of 2024. If the firm's total assets at year-end were $36 million, how much of their assets are financed with equity? a. $9 million b. $14.4 million c. $21.6 million d. $24 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
Problem 2P: Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in...
icon
Related questions
Question

I want the correct answer with accounting question

TechVision Inc reported a debt to equity ratio of 1.5 times at the end of 2024.
If the firm's total assets at year-end were $36 million, how much of their assets
are financed with equity?
a. $9 million
b. $14.4 million
c. $21.6 million
d. $24 million
Transcribed Image Text:TechVision Inc reported a debt to equity ratio of 1.5 times at the end of 2024. If the firm's total assets at year-end were $36 million, how much of their assets are financed with equity? a. $9 million b. $14.4 million c. $21.6 million d. $24 million
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Intermediate Financial Management (MindTap Course…
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning