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Reported a debt-to-equity ratio

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Tiggie's Dog Toys, Inc. reported a debt-to-equity ratio of 1.78 times at the end of 2015. If the firm's total debt at year-end was $28 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: EM131205846

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