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Category > Business & Finance Posted 31 May 2017 My Price 11.00

Debt Management Ratio

Debt Management RatiosTiggie’s Dog Toys, Inc. reported a debt to equity ratio of 1.75 times at the end of 2008. 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?

 

Debt to equity = 1.75 = Total debt/Total equity = Total debt/(Total assets – Total debt)

1.75 = Total debt/($25m. – Total debt) => 1.75 x ($25m. – Total debt) = Total debt

=> (1.75 x $25m.) – (1.75 x Total debt) = Total debt => $43.75m. = 2.75 x Total debt

=> Total debt = $43.75m./2.75 = $15.91m.

=> Total equity = $25m. - $15.91m. = $9.09m.

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Status NEW Posted 31 May 2017 04:05 AM My Price 11.00

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