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Title: When using the book value of equity, the debt to equity ratio for Luther in 2009 is closest to: Post by: Memphic on Nov 19, 2017 When using the book value of equity, the debt to equity ratio for Luther in 2009 is closest to:
A) 0.43 B) 2.29 C) 2.98 D) 3.57 Title: Re: When using the book value of equity, the debt to equity ratio for Luther in 2009 is closest ... Post by: anicid on Nov 19, 2017 B
Explanation: B) D/E = Total Debt/Total Equity Total Debt = (notes payable (10.5) + current maturities of long-term debt (39.9) + long-term debt (239.7) = 290.1 million Total Equity = 126.6, so D/E = 290.1/126.6 = 2.29 |