How much equity does trinas trikes have ?? Trina's Trikes, Inc. reported a debt-to-equityratio of 1.81 times at the end of 2018. If the firm'stotal debt at year-end was $9.00 million, howmuch equity does Trina's Trikes have?A. $16.29 millionB. $1.81 millionC. $9.00 millionD. $4.97 million

To calculate: Trina Trike's equityGiven:Debt-equity ratio = 1.81Total debt = $9 million Debt-equity…

Answered: Trina's Trikes, 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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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