How much equity does tiggies have on its balance sheet

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Reference no: EM132028248

Answer the fllowing question

Tiggie's Dog Toys, Inc. reported a debt to-equity ratio of 1.66 times at the end of 2015.

If the firm's total debt at year-end was $34 million, how much equity does Tiggie's have on its balance sheet?

(Enter your answer in millions of dollars rounded to 2 decimal places.)

Reference no: EM132028248

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