Debt Management Ratios Tierre's Ts, Inc. reported a debt to equity ratio of 3.4 times at the end of 2008. If the firm's total assets at year-end were $15.4 million, how much of their assets are financed with equity?

A) $3.50 m

B) $11.90 m

C) $52.36 m

D) $4.53 m