Tiggies Dog Toys, Inc. reported a debt-to-equity ratio of 1.75 times at the end of 2015. If

Question:

Tiggie’s Dog Toys, Inc. reported a debt-to-equity ratio of 1.75 times at the end of 2015. If the firm’s total debt at year-end was $25 million, how much equity does Tiggie’s have on its balance sheet?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

See More Books

Question Posted: Sep 23, 2014 10:22 AM

See More Questions

A firm has an ROE of 5%, a debt/equity ratio of 0.6, a tax rate of 35%, and pays an interest rate of 9% on its debt. What is its operating ROA? (Do not round intermediate calculations. Round your...
A firm has a debt to equity ratio of 40%, debt of $250,000, and net income of $100,000. The return on equity is?
How much does CAE report on its balance sheet for accounts receivable on March 31, 2012? What does that amount represent (how would you explain its meaning to a novice user of financial statements)?...
pick 1 1 point A small island nation has license plates that consist of 2 letters ( $ A-Z $ allowed) followed by 3 numbers (0 $ -9 $ allowed). How many plates are possible that do not repeat the...
For the first time in history (aside from special situations such as major wars), more than half-51 percent-of all U.S. adult women now live without a spouse. (In other words, they live alone, with...
Repeat Exercise 17, with the sidewalk on the inside of all four sides. In this case, the 800-square-meter planted region has dimensions x - 4 meters by y - 4 meters. Exercise 17 A botanical display...
Describe trend, seasonality, random variation, and cycle as applied to forecasting. LO.1
A survey of 36 randomly selected iPhone owners showed that the purchase price has a mean of $416 with a sample standard deviation of $180. a. Compute the standard error of the sample mean. b. Compute...
marketing W wie brand. They believe that many customers prefer buying from firms that share their values and that if a company supports a cause the consumer ted with the implementa that share their...
Following is the unadjusted trial balance of Blazer Gadgets at the end of its first year of operations, December 31, 2021 Account Balance Number Account Debit Credit 101 Cash 6,300 110 Accounts...
Mr. Huskers Tuxedos Corp. ended the year 2015 with an average collection period of 32 days. The firms credit sales for 2015 were $56.1 million. What is the year-end 2015 balance in accounts...
You are considering a stock investment in one of two firms (Lots of Debt, Inc. and Lots of Equity, Inc.), both of which operate in the same industry. Lots of Debt, Inc. finances its $30 million in...
Why is granting credit riskier in an international context?
What should be the equivalent units of production for (1) Dept M and (2) Dept. P? Can you please show the solutions and answer. Thanks Problem 1 Lee Gon Mfg. Co has its product processed in two...
Moullierat Mfg. is considering a rights offer. The company has determined that the ex-rights price will be $95. The current price is $102 per share, and there are 24 million shares outstanding. The...
This question involves hypothesis testing. The following numbers will help you answer these questions. The random variable Z ~N(0, 1) is standard normal. P(Z >1.28).1 P(Z1.65) .05 P(Z1.96) .025 P(Z...
Human service organizations require strong and effective leadership. Understanding what qualities make up an effective leader and how these qualities can be cultivated is of critical importance for...
18. What is the name of the heat treatment performed on a cold worked sample? 19. What is the percent coldwork of a sample with an initial thickness of 11mm and a final thickness of 7mm? 20. Which...
Define the key CSF terms: goals, CSFs, and measures.
As long as we can't lose any money, we have a risk-free investment." Discuss this comment. Q2: Both investing and gambling can be defined as "undertaking risk in order to earn a profit." Explain how...
Is a minor bound to pay the agreed contract price for necessaries? Explain.
One-year Treasury bills currently earn 2.15 percent. You expect that one year from now, 1-year Treasury bill rates will increase to 2.65 percent and that two years from now, 1-year Treasury bill...
One-year Treasury bills currently earn 3.45 percent. You expect that one year from now, 1-year Treasury bill rates will increase to 3.65 percent. The liquidity premium on 2-year securities is 0.05...
What is a credit-scoring model?
Chapter o Homew ebook 50,000-unit production quantity: $ 227,049 7 70,000-unit production quantity: $ 66,751 d. In addition to mean profit, what other factors should FTC consider in determining a...
Diamond makes downhill ski equipment. Assume that comic has offered to produce ski poles for Diamond for $20 per pair Diamond needs 200,000 pairs of poles per period Diamond can only avoid 5150,000...
17? Which of the following statement is true Select one: a. All evidence must have the same level of reliability b. All evidence must have the same level of persuasiveness C. All are false d....

Tiggies Dog Toys, Inc. reported a debt-to-equity ratio of 1.75 times at the end of 2015. If

Question:

Step by Step Answer:

Total equity 25m ...View the full answer

Finance Applications and Theory

Students also viewed these Finance questions