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Luther Corporation Consolidated Balance Sheet

Question 106

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. 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 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

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