Use the table for the question(s)below.

-Refer to the statement of financial position above.When using the book value of equity,the debt-equity ratio for Luther in 2015 is closest to:
A)2.21
B)2.29
C)2.98
D)3.03
E)4.39

Question

Use the table for the question(s)below.
  
-Refer to the statement of financial position above.When using the book value of equity,the debt-equity ratio for Luther in 2015 is closest to:
A)2.21 
B)2.29 
C)2.98 
D)3.03 
E)4.39

Quizplus · Accepted Answer

The debt-equity ratio is calculated by dividing total liabilities by shareholders' equity. Without the specific numbers from the statement of financial position, we can't calculate the exact figures. However, the correct answer is chosen based on the information provided in the question, which implies that the correct calculation has been made leading to the choice provided.

Use the Table for the Question(s)below