Question
Superior Widgets Manufacturing reported a debt-to-equity ratio of 1.9 times at the end of 2015. If the company's total debt at the end of the
Superior Widgets Manufacturing reported a debt-to-equity ratio of 1.9 times at the end of 2015. If the company's total debt at the end of the year was $29 million, how much equity does Superior Widgets have on its balance sheet?
A. $14.9 million
B. $16.8 million
C. $15.3 million
D. $17.2 million
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ISE Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
12th International Edition
1265450099, 9781265450090
