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

Problem 2P: Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in...

See similar textbooks

Related questions

Q: . Further information on the activities of the Juice industry in 2023 is providedin table 2.1 below…

A: Hope this helps.

Q: Answer in step by step with explanation. Don't use Ai and chatgpt. Don't upload image.

A: Journal Entries:a.) The board declared a cash dividend of $0.50 per share. Since there are 104…

Q: Please give me answer general accounting

A: Explanation: In the given case, we are provided with two scenarios. Under 1st scenario, the project…

Q: Question

Q: Financial Accounting 9.0

A: 1. Cost of Equity Using DDM (Dividend Discount Model) Formula: re=D1P0+gre=P0D1+gWhere:re: Cost…

Q: Hello Tutor Please give me Answer please

A: Step 1:Manufacturing overheads are the total of indirect Material, Indirect Labor and Indirect…

Q: I need detailed answer

A: When a company uses financial instruments to manage risks such as changes in interest rates or…

Q: Do fast and step by step calculation with explanation for this general accounting question Don't use…

A: Step 1: Define Setup CostsSetup costs are the form of expenses that are incurred in relation to…

Q: GP ℅ FOR THIS PERIOD?

A: Explanation of Net Sales Revenue: Net sales revenue represents the total amount of money generated…

Q: Want help, provide answer for this Accounting Assignment

A: Emotionally intelligent and teamwork-oriented behavior will be vital for success as the new Customer…

Q: 1 Iron Inc.’s net sales and gross profit were $335,250 and $117,750 respectively. Assuming the…

A: Step 1: Determine the cost of goods sold by using the gross profit formula Gross Profit = net sales…

Q: general account

A: Step 1: Definition of Gross Profit MarginThe gross profit margin is the percentage of sales revenue…

Q: (37) On March 23, goods were sold for $10,000. Cash of $8,000 was received, and the $2,000 remainder…

A: Hello student! To determine the entry to record the return, I want us first to focus on the initial…

Q: I need answer

A: Explanation of Sales: Sales represent the total revenue generated by selling products or services.…

Q: Units

A: CalculationsTo solve the problem of finding the break-even number of units for Cool Electronics, we…

Q: provide short answer

A: The gross profit rate measures the profitability of a company's sales. It is calculated as gross…

Q: 8 Under the incremental method of allocating common costs Select one: a. each party bears a…

A: a. Each party bears a proportionate share of the total costs in relation to their individual…

Q: The following information was taken from Crazy A Corporation's financial statements as of the end of…

A: Step 1: Definition of Gross Profit MarginGross Profit Margin is a financial metric that indicates…

Q: Need answer

A: Explanation of Hyperinflation: Hyperinflation is a period of extremely high and usually accelerating…

Q: Give me six detailed paragraphs on why the quality of audit is declining in the United States

A: The first reason for the decline in audit quality in the United States is the increased complexity…

Q: Get correct answer general accounting

A: Explanation: The formula to calculate Return on Equity using DuPont analysis is = Profit margin *…

Q: Accounting mini corp. Acquires a patent from maxi co

A: Detailed explanation:Acquisition Price of Patent : Cash Paid…

Q: August

A: 1) First, let's identify the variable costs: * Material costs: $4,820 * Labor costs: $2,620 *…

Q: Traditional Cost System Direct labor Manufacturing overhead. Direct materials B300 % of T500 % of…

Q: Please Provide Answer of this Question

A: ComputationsGiven Information:Return on Equity (ROE): 11.2%Payout Ratio: 24%Stockholders' Equity:…

Q: Account questions: Assuming that a company has $365 million in annual sales, and a gross margin of…

A: To calculate how much investment each additional day of sales in inventory will require, we can use…

Q: Need answer to this accounting assignment

A: A. 1. I would want to use this opportunity to introduce myself to the staff as our company's new…

Q: cost account questions

A: Gross Margin Per Unit Formula: Gross Margin Per Unit=Selling Price Per Unit−Cost of Goods Sold…

Q: Hello tutor please provide correct solution for this accounting question

A: Step 1:Mixed cost is that cost which includes both components of variable and fixed cost.To…

Q: Could you locate financial statements for Agostura and Demerara Rums Ltd from 2019 to 2023? It is…

A: For your analysis:Vertical analysis (common size analysis) can be applied to the income statements…

Q: Need answer accounting

A: Step 1:To calculate the company's working capital, we use the formula:Working Capital=Total Current…

Q: What is the debt to equity ratio for Drogon on these accounting question?

A: Step 1:Debt to equity ratio is Formula Total liabilities/ shareholders equity Total liabilities…

Q: Get correct answer

A: In the calculation of the total cash paid at maturity, there is a need to consider the principal…

Q: Please provide answer this financial accounting question

A: Step 1: Define Cost of EquityBusiness institutions calculate the cost of equity to determine the…

Q: I need answer of this question

A: If you have any help please let me know in comment box.

Q: Selected financial data for Irington Company appear below: need answer the accounting question

A: Step 1: Define Return On Common Stockholders' EquityReturn on common stockholders' equity (ROCE)…

Q: Splish Co. has the following defined benefit pension plan balances on January 1, 2020. Projected…

A: OCI= OTHER COMPREHENSIVE INCOMEEBE= EMPLOYEE BENEFIT EXPENSEFVPA= FAIR VALUE OF PLAN ASSET PBO=…

Q: I need answer of this question accounting

A: Step 1: Define Degree Of Operating LeverageThe degree of operating leverage is a financial ratio…

Q: Costs as variable or fixed?

A: Explanation of Direct Costing:Direct costing, also known as variable costing, focuses on separating…

Q: Total Assets = ?

A: Step 1: Find the net income. (Rearrange the profit margin formula to find it)Profit margin formula:…

Q: Gulick corporation most recent income statement appears below: get correct answer the accounting…

A: Step 1: Define Return on AssetReturn on asset (ROA) is a profitability measure that shows how much…

Q: [The following information applies to the questions displayed below.) Del Gato Clinic's cash account…

A: Hello student! Bank Reconciliation puts into agreement the balance appearing on the bank's records…

Q: go.1

A: Step 1: Allocate Joint Processing Costs Based on Sales Value at the Split-Off PointThe total joint…

Q: GOODWILL

A: Detailed explanation:Accounting Treatment for GoodwillGoodwill is an intangible asset that…

Q: Please need help with this accounting question

A: Step 1: Define Adjusting EntriesUnder the accrual basis of accounting, the correct revenue and…

Q: I want answer

A: Explanation of Period Costs: Period costs are expenses that are reported in the period in which they…

Q: Need help with this accounting question do fast

A: Step 1: Define Debt to Equity RatioDebt to equity ratio can be defined as the financial ratio that…

Q: What is answer to this Question

A: Explanation of Capitalized Cost: Capitalized cost represents all costs incurred to bring an asset to…

Q: Financial Accounting

A: Step 1: Define Price-Earnings RatioPrice-earnings ratios shows the relationship between earning per…

Q: Accounting expert help

A: Calculate the Current Profit per UnitMaxiDrive's current selling price per unit is $700, and the…

Question

100%

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

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Trina's Trikes, Inc. reported a debt-to-equity ratio of 1.81 times at the end of 2018. If the firm's total debt at year-end was $9.00 million, how much equity does Trina's Trikes have? A. $16.29 million B. $1.81 million C. $9.00 million D. $4.97 million
Zoe's Dog Toys Inc. reported a debt to quity ratio of .70 times st thr end of 2008. If the firm's total assets at yesr end were 50.2 million, how muhc of their assets are finances with equity?
need help about this general account question
The lawrence company has a ratio of long term debt to long term debt plus equity of .25 and a current ratio of 1.5. current liabilities are 900, sales are 6230 , profit margin is 8.1 percent what is the amount of the firms net fixt assets ?
Using the DuPont method, evaluate the effects of the following relationships for the Butters Corporation. A.Butters Corporation has a profit margin of 5.5 percent and its return on assets (investment) is 8.75 percent. What is its assets turnover? Round your answer to 2 decimal places. ______ times B.If the Butters Corporation has a debt-to-total-assets ratio of 65.00 percent, what would the firm’s return on equity be? Note: Input your answer as a percent rounded to 2 decimal places. C.What would happen to return on equity if the debt-to-total-assets ratio decreased to 60.00 percent? Input your answer as a percent rounded to 2 decimal places.
Please give answer for this question
Need answer the question
Using the DuPont method, evaluate the effects of the following relationships for the Butters Corporation. a. Butters Corporation has a profit margin of 5.5 percent and its return on assets (investment) is 15.5 percent. What is its assets turnover? Note: Round your answer to 2 decimal places. Assets turnover ratio b. If the Butters Corporation has a debt-to-total-assets ratio of 25.00 percent, what would the firm's return on equity be? Note: Input your answer as a percent rounded to 2 decimal places. Return on equity % Return on equity times c. What would happen to return on equity if the debt-to-total-assets ratio decreased to 20.00 percent? Note: Input your answer as a percent rounded to 2 decimal places. $
Want answer with calculation
If a company’s debt-to-value ratio is 40% calculate its debt-to-equity ratio. If the dollar value of the company’s debt is $200 million calculate its market value of equity and its market value of assets. Show all calculations.
Las year Justine Corp. had sales of P315,000 and a net income of P17,382, and its year-end assets were P210,000. Justine's total debt to total assets ratio was 42.5%. Based on the Du Pont equation, what was Justine's return on equity (ROE)?
Please provide solution