If you give me wrong answer I will give you unhelpful rate on this accounting question Tiggie's Dog Toys, Inc., reported a debt-to-equity ratio of 1.74times at the end of 2021. If the firm's total debt at year-endwas $26 million, how much equity does Tiggie's have on itsbalance sheet?

Step 1: Define Gearing RatiosGearing ratios are important financial metrics used to assess the…

Answered: Tiggie's Dog Toys, Inc., reported a…

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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Tiggie's Dog Toys, Inc., reported a debt-to-equity ratio of 1.74 times at the end of 2021. If the firm's total debt at year-end was $26 million, how much equity does Tiggie's have on its balance sheet?