a manufacturing company has a debt to equity ratio of 3 to 2. if the company has a debt of $12 million, how much does it have in equity?
Set up a proportion of debt to equity
3/2 = 12/x
Using our proportion calculator, we get:
x = 8
Set up a proportion of debt to equity
3/2 = 12/x
Using our proportion calculator, we get:
x = 8