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Use the Table for the Question(s)below

Question 20

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Use the table for the question(s) below.
Use the table for the question(s) below. -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) 1.71 B) 1.78 C) 2.31 D) 2.35 Use the table for the question(s) below. -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) 1.71 B) 1.78 C) 2.31 D) 2.35
-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) 1.71
B) 1.78
C) 2.31
D) 2.35

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