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Debt Management Ratios Trina's Trikes, Inc. reported a debt-to-equity ratio of 1.96 times at the end of 2008. If the firm's total debt at year-end

Debt Management RatiosTrina's Trikes, Inc. reported a debt-to-equity ratio of 1.96 times at the end of 2008. If the firm's total debt at year-end was $10.40 million, how much equity does Trina's Trikes have?

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