Luther Corporation Consolidated Balance Sheet
December 31, 2006 and 2005 (in $ millions) Refer to the balance sheet above. If in 2006 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then using the market value of equity, the debt-equity ratio for Luther in 2006 is closest to ________.
A)3.45
B)1.72
C)0.86
D)2.41

Question

Luther Corporation Consolidated Balance Sheet
December 31, 2006 and 2005 (in $ millions)  Refer to the balance sheet above. If in 2006 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then using the market value of equity, the debt-equity ratio for Luther in 2006 is closest to ________.
A)3.45 
B)1.72 
C)0.86 
D)2.41

Quizplus · Accepted Answer

The Answer of Luther Corporation Consolidated Balance Sheet
December 31, 2006 and 2005 (in $ millions)  Refer to the balance sheet above. If in 2006 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then using the market value of equity, the debt-equity ratio for Luther in 2006 is closest to ________.
A)3.45 
B)1.72 
C)0.86 
D)2.41