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Timberline Apparel, Inc. reported a debt-to-equity ratio of 2.8 times at the end of 2022. If the firm's total assets at year-end were $18.9 million, how much of their assets are financed with equity?

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...

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Timberline Apparel, Inc. reported a debt-to-equity ratio of 2.8 times at the end of 2022. If the firm's total assets at year-end were $18.9 million, how much of their assets are financed with equity?

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