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 assets at year-end were $25 million, how much of their assets are financed with debt and how much with equity?
Answer to relevant QuestionsCalculate the times interest earned ratio for LaTonya’s Flop Shops, Inc., using the following information. Sales are $1.5 million, cost of goods sold is $600,000, depreciation expense is $150,000, other operating expenses ...Last year, Stumble-on-Inn, Inc., reported an ROE of 18 percent. The firm’s debt ratio was 55 percent, sales were $15 million, and the capital intensity was 1.25 times. Calculate the net income for Stumble-on-Inn last year.Use the following information to complete the balance sheet below; assume all sales are credit sales.Current ratio = 2.2 timesCredit sales = $1,200mAverage collection period = 60 daysInventory turnover = 1.50 timesTotal ...Last year, Lakesha’s Lounge Furniture Corporation had an ROE of 17.5 percent and a dividend payout ratio of 20 percent. What is the sustainable growth rate?A $1,000 investment has doubled to $2,000 in 8 years because of a 9 percent rate of return. How much longer will it take for the investment to reach $4,000 if it continues to earn a 9 percent rate?
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