Luther Corporation Consolidated Balance Sheet 30 June 2017 and 2018 (in $ millions)

-Refer to the balance sheet above. When using the book value of equity, the debt-equity ratio for Luther in 2017 is closest to:
A)3.98
B)3.43
C)3.21
D)3.39

Question

Luther Corporation Consolidated Balance Sheet 30 June 2017 and 2018 (in $ millions)
 
-Refer to the balance sheet above. When using the book value of equity, the debt-equity ratio for Luther in 2017 is closest to:
A)3.98 
B)3.43 
C)3.21 
D)3.39

Quizplus · Accepted Answer

The Answer of Luther Corporation Consolidated Balance Sheet 30 June 2017 and 2018 (in $ millions)
 
-Refer to the balance sheet above. When using the book value of equity, the debt-equity ratio for Luther in 2017 is closest to:
A)3.98 
B)3.43 
C)3.21 
D)3.39