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Debt Management Ratios Tierre's Ts, Incorporated... Debt Management Ratios Tierre's Ts, Incorporated reported a debt to equity ratio of 3.9 times at the end of

Debt Management Ratios Tierre's Ts, Incorporated... Debt Management Ratios Tierre's Ts, Incorporated reported a debt to equity ratio of 3.9 times at the end of 2018. If the firm's total assets at year-end were $15.9 million, how much of their assets are financed with equity?

Multiple Choice

$3.24 million

$62.01 million

$12.66 million

$4.08 million

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