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Tiggies Dog Toys, Incorporated, reported a debt-to-equity ratio of 1.75 times at the end of the year. If the firms total assets at year-end were
Tiggies Dog Toys, Incorporated, reported a debt-to-equity ratio of 1.75 times at the end of the year. If the firms total assets at year-end were $28.60 million, how much of its assets are financed with debt, and how much with equity?
Note: Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 3 decimal places.
total debt | $ | milllion |
total equity | $ | million |
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