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Fun Toys reported a debt equity ratio of 1.75 times at the end of 2014. If the firm’s total debt at the year-end was Rs. 25 crores, then how much equity does Fun Toys have?

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Debt Equity Ratio = Total Debt / Total Equity  

1.75 = 25 crores / Total Equity

Total Equity = 25 crores / 1.75 = 14.29 crores

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