Tiggie's dog toys, inc., reported a debt-to-equity ratio of 1.75 times at the end of 2012. the firm's total assets at year-end were $25 million. how much of their assets are financed with debt and how much with equity? (do not round intermediate calculations. enter your answer in millions of dollars rounded to 3 decimal places.)

Calculation of amount of Debt and the equity:

It is given that the debt-to-equity ratio is 1.75 times, that means Debt / Equity = 1.75, or we can say Debt = 1.75 * Equity

It is also given that Total assets are $25 Million

We know that:

Debt + Equity = Total Assets

Hence we can say:

1.75 *Equity + Equity = 25 million

Equity *(1.75+1) = 25

Equity  = 25/2.75 = 9.091 Million

And Debt  = 1.75 * Equity = 1.75*25/2.75 = 15.909 Million

Hence their assets are financed with the debt of $15.909 Million and how much with equity of $9.091 Million.

d. low interest rates

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!