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Debt Management Ratios Zoe's Dog Toys, Inc. reported a debt to equity ratio of 1.30 times at the end of 2008. If the firm's total

Debt Management RatiosZoe's Dog Toys, Inc. reported a debt to equity ratio of 1.30 times at the end of 2008. If the firm's total assets at year-end were $50.7 million, how much of their assets are financed with equity?

$39.00m

$65.91m

$28.66m

$22.04m

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