1. Debt Management Ratios Tierre's Ts, Inc. reported a debt to equity ratio of 3.8 times at the end of 2008. If the firm's total assets at year-end were $15.8 million, how much of their assets are financed with equity?

$3.29 m

$60.04 m

$12.51 m

$4.16 m

2. Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.: sales to working capital = 19 times, profit margin = 26.9%, net income available to common stockholders = $4.9 million, and current liabilities = $1.9 million. What is the firm's balance of current assets?

$0.959m

$1.969m

$2.859m

$8.963m