Tierre's Ts, Inc. reported a debt to equity ratio of 3.2 times at the end of 2008. If the firm's total assets at year-end were $15.2 million, how much of their assets are financed with equity? a. $4.75 m b. $11.58 m c. $3.62 m d. $48.64 m

Tierre's Ts, Inc. reported a debt to equity ratio of 3.2 times at the end of 2008. If the firm's total assets at year-end were $15.2 million, how much of their assets are financed with equity? a. $4.75 m b. $11.58 m c. $3.62 m d. $48.64 m

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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How much of their assets are financed with equity on these accounting question?

Tierre's Ts, Inc. reported a debt to equity ratio of 3.2 times at the
end of 2008. If the firm's total assets at year-end were $15.2
million, how much of their assets are financed with equity?
a. $4.75 m
b. $11.58 m
c. $3.62 m
d. $48.64 m

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