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Luther Corporation Consolidated Balance Sheet

Question 70

Multiple Choice

Luther Corporation Consolidated Balance Sheet
December 31, 2006 and 2005 (in $ millions) Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in $ millions) Refer to the balance sheet above. When using the book value of equity, the debt-equity ratio for Luther in 2006 is closest to ________. A) 4.51 B) 2.25 C) 1.13 D) 3.16 Refer to the balance sheet above. When using the book value of equity, the debt-equity ratio for Luther in 2006 is closest to ________.


A) 4.51
B) 2.25
C) 1.13
D) 3.16

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