TB MC Qu$.03-2$ Debt Management Ratios Trina's Trikes, Incorporated reported a debt$-$to$-$e$...$

Debt Management Ratios Trina's Trikes, Incorporated reported a debt$-$to$-$equity ratio of $1\mathrm{.}85$ times at the end of $2018.$ If the firm's total debt at year$-$end was $$9\mathrm{.}40$ million, how much

equity does Trina's Trikes haves

Multiple Choice

$$17\mathrm{.}39$ million

$$1\mathrm{.}85$ million

$$5\mathrm{.}08$ million

$$9\mathrm{.}40$ million