28. Will's Wheels, Inc. reported a debt-to-equity ratio of 0.65 times at the end of 2011. If the firm's total debt at year- end was $5 million, how much equity does Will's Wheels have? A. $.65 million B. $3.25 million C. $5 million D. $7.69 million 29. Bree's Tennis Supply's market-to-book ratio is currently 9.4 times and PE ratio is 20 times. If Bree's Tennis Supply's common stock is currently selling at $20.50 per share, what is the book value per share? A. $1.025 B. $2.1809 C. $410.00 D. $192.70 30. You are thinking of investing in Tikki's Torches, Inc. You have only the following information on the firm at year- end 2011: net income = $500,000, total debt = $12 million and debt ratio = 40%. What is Tikki's ROE for 2011? A. 1.67% B. 2.78% C. 4.17% D. 10.42% 31. Lab R Doors' year-end price on its common stock is $40. The firm has total assets of $75 million, the debt ratio is 60%, there is no preferred stock, and there are 4 million shares of common stock outstanding. Calculate the market to-book ratio for Lab R Doors. A. 2.13 B. 3.20 C. 5.33 D. 10.00