Tiggie's Dog Toys, Incorporated, reported a debt-to-equity ratio of 2.00 times at the end of the year. If the firm's total assets at year- end were $23.25 million, how much of its assets are financed with debt and how much with equity? Note: Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 3 decimal places. Total debt Total equity million million
Tiggie's Dog Toys, Incorporated, reported a debt-to-equity ratio of 2.00 times at the end of the year. If the firm's total assets at year- end were $23.25 million, how much of its assets are financed with debt and how much with equity? Note: Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 3 decimal places. Total debt Total equity million million
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Financial Ratios
A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.
Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
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Transcribed Image Text:Tiggie's Dog Toys, Incorporated, reported a debt-to-equity ratio of 2.00 times at the end of the year. If the firm's total assets at year-
end were $23.25 million, how much of its assets are financed with debt and how much with equity?
Note: Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 3 decimal places.
Total debt
Total equity
million
million
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