How much of their assets are financed with debt and how


Why is effective interest rate (EFF%) important? When do we have the same effective interest rate as nominal interest rate?

Tiggie's Dog Toys, Inc., reported a debt-to-equity ratio of 1.25 times at the end of 2015. The firm's total assets at year-end were $28.26 million.

How much of their assets are financed with debt and how much with equity?

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Financial Management: How much of their assets are financed with debt and how
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