1. Debt Management Ratios Trina's Trikes, Inc. reported a debt-to-equity ratio of 1.86 times at the end of 2008. If the firm's total debt at year-end was $9.50 million, how much equity does Trina's Trikes have?
$17.67 million
$9.50 million
$1.86 million
$5.11 million
2. Internal Growth Rate Leash N Collar reported a profit margin of 9.1%, total asset turnover ratio of 2.6 times, debt-to-equity ratio of 0.86 times, net income of $510,000, and dividends paid to common stockholders of $310,000. The firm has no preferred stock outstanding. What is Leash N Collar's internal growth rate? (Do not round intermediate steps.)
7.511%
9.989%
3.2265%
10.2274%