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Debt Management Ratios Tierre's Ts , Incorporated reported a debt to equity ratio of 4 . 8 times at the end of 2 0 1

Debt Management Ratios Tierre's Ts, Incorporated reported a debt to equity ratio of 4.8 times at the end of 2018. If the firm's total assets at year-end were $14.2 million, how much of their assets are financed with equity?
Multiple Choice
$11.75 million
$2.96 million
$2.45 million
$68.16 million
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