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How much equity does superior have on the balance sheet

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Reference no: EM133009705

Problem 1: Superior widgets manufacturing reported a debt to equity ratio of 1.9 times at the end of 2015. If the company's total debt at the end of the year was $29 million, how much equity does superior have on its balance sheet?

Option 1: 14.9 million

Option 2: 17.2 million

Option 3: 15.3 million

Option 4: $16.8 million

Reference no: EM133009705

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