Debt Management Ratios Trina’s Trikes, Inc. reported a debt-to-equity ratio of 1.94 times at the end of 2018. If the firm’s total debt at year-end was $10.60 million, how much equity does
Trina’s Trikes have?
Multiple Choice
1. $5.46 million
2. $20.56 million
3. $10.60 million
4. $1.94 million