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docker41 [41]
3 years ago
8

Debt Management Ratios Tiggie’s Dog Toys, Inc. reported a debt-to-equity ratio of 1.75 times at the end of 2015. If the firm’s t

otal debt at year-end was $25 million, how much equity does Tiggie’s have on its balance sheet?
Business
1 answer:
mezya [45]3 years ago
6 0

Answer:

Equity Tiggie’s has on its balance sheet: $14,285,714 (round up $14,29 million)

Explanation:

The debt-to-equity (D/E) ratio compares a company’s total debt to its total equity and can be used to evaluate how much leverage a company is using.

Debt-to-equity ratio is calculated by using formula:

Debt-to-equity ratio = Total debt (or liabilities)/Total equity

From the formula, Total equity = Total debt/Debt-to-equity ratio

In Tiggie’s Dog Toys, Inc., debt-to-equity ratio of 1.75 times and total debt was $25 million at the end of 2015.

Total equity = $25,000,000/1.75 = $14,285,714 (round up $14,29 million)

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