Problemwills wheels inc reported a debt-to-equity ratio of, Ask an Expert

Accounting

Problem:

Will's Wheels, Inc. reported a debt-to-equity ratio of .65 times at the end of 2008. If the firm's total debt at year-end was $5 million, how much equity does Will's Wheels have?

$7.69 million
$5 million
$65 million
$3.25 million

Note: Show supporting computations in good form.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91172034

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