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Debt Management Ratios Paige's Purses,Inc

Question 124

Multiple Choice

Debt Management Ratios Paige's Purses,Inc.reported a debt to equity ratio of 2.4 times at the end of 2013.If the firm's total assets at year-end are $27 million,how much of their assets is financed with equity?


A) $7.94m
B) $11.25m
C) $19.06m
D) $64.8m

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