How much equity does superior widgets have on its balance, Financial Management

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How much equity does superior widgets have on its balance

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 Widgets have on its balance sheet?

A. $14.9 million

B. $16.8 million

C. $15.3 million

D. $17.2 million

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Financial Management: How much equity does superior widgets have on its balance

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