Ask Question
15 April, 08:40

Debt Management Ratios Trina's Trikes, Inc. reported a debt-to-equity ratio of 1.83 times at the end of 2008. If the firm's total debt at year-end was $9.20 million, how much equity does Trina's Trikes have?

+1
Answers (1)
  1. 15 April, 11:28
    0
    Trina's Trikes have equity of 5.03 million

    Explanation:

    Debt to equity ratio is the rate of debt as compared to equity of the firm.

    We can calculate the amount of equity by using formula of debt to equity

    Debt to equity = Total Debt / Total equity

    1.83 = 9.2 million / Total equity

    Total Equity = 9.2 million / 1.83

    Total Equity = 5.03 million
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Debt Management Ratios Trina's Trikes, Inc. reported a debt-to-equity ratio of 1.83 times at the end of 2008. If the firm's total debt at ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers