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Debt Management Ratios Will's Wheels, Inc. reported a debt-to-equity ratio of .65 times at the end of 2008. If the firm's total debt at year-end

Debt Management Ratios Will's Wheels, Inc. reported a debt-to-equity ratio of .65 times at the end of 2008. If the firm's total debt at year-end was $5 million, how much equity does Will's Wheels have?

	$7.69 million
	$5 million
	$65 million
	$3.25 million

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