Multiple Choice
Debt Management Ratios Nicole's Neon Signs, Inc. reported a debt to equity ratio of 1.9 times at the end of 2011. If the firm's total assets at year-end are $100 million, how much of their assets is financed with equity?
A) $34.48m
B) $65.52m
C) $52.63m
D) $100 m
Correct Answer:
Verified
Correct Answer:
Verified
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