Question: Please provide the accurate answer to this general accounting problem using appropriate methods. Happy Paws Pet Food Corporation reported a debt-to-equity ratio of 1.25 times

Please provide the accurate answer to this general accounting problem using appropriate methods.

Happy Paws Pet Food Corporation reported a debt-to-equity ratio of 1.25 times at the end of 2024. If the firm's total debt at year-end was $48 million, how much equity does Happy Paws have on its balance sheet? (Write the answer in millions of dollars to 2 decimal places.)

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