TB MC Qu. 03-2 Debt Management Ratios Trina's Trikes, Inc. reported a debt-to-e... Debt Management Ratios Trina's Trikes, Inc. reported a debt-to-equity ratio of 1.85
TB MC Qu. 03-2 Debt Management Ratios Trina's Trikes, Inc. reported a debt-to-e...
Debt Management Ratios Trina's Trikes, Inc. reported a debt-to-equity ratio of 1.85 times at the end of 2018. If the firm's total debt at year-end was $9.40 million, how much equity does Trina's Trikes have?
Multiple Choice
A. $9.40 million
B. $1.85 million
C. $17.39 million
D. $5.08 million
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Authors: Ronald W. Hilton, David E. Platt
10th Edition
1308172486, 978-1308172484
