Use the table for the question(s)below.

-Refer to the statement of financial position above.If in 2015 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 2015 is closest to:
A)1.71
B)1.78
C)2.31
D)2.35
E)2.29

Question

Use the table for the question(s)below.
  
-Refer to the statement of financial position above.If in 2015 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 2015 is closest to:
A)1.71 
B)1.78 
C)2.31 
D)2.35 
E)2.29

Quizplus · Accepted Answer

The Answer of Use the table for the question(s)below.
  
-Refer to the statement of financial position above.If in 2015 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 2015 is closest to:
A)1.71 
B)1.78 
C)2.31 
D)2.35 
E)2.29

Use the Table for the Question(s)below