× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
New Topic  
Memphic Memphic
wrote...
Posts: 728
Rep: 0 0
6 years ago
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
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
Read 102 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
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
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1205 People Browsing
Related Images
  
 366
  
 901
  
 300
Your Opinion
How often do you eat-out per week?
Votes: 79

Previous poll results: Where do you get your textbooks?