Tiggie's Dog Toys, Incorporated, reported a debt-to-equity ratio of 1.25 times at the end of the...

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Tiggie's Dog Toys, Incorporated, reported a debt-to-equity ratio of 1.25 times at the end of the year. If the firm's total assets at year-end were $27.70 million, how much of its assets are financed with debt and how much with equity? Note: Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 3 decimal places. Total debt Total equity million million Tiggie's Dog Toys, Incorporated, reported a debt-to-equity ratio of 1.25 times at the end of the year. If the firm's total assets at year-end were $27.70 million, how much of its assets are financed with debt and how much with equity? Note: Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 3 decimal places. Total debt Total equity million million

Answer rating: 100% (QA)

Okay here are the calculations Total assets 2770 million Debttoequity ratio 125 To calculate tota... View the full answer