Use the Information for the Question(s)below

question 93

Multiple Choice

Use the information for the question(s) below.
In November 2019,Perrigo Co.(PRGO) had a share price of $39.20.They had 91.33 million shares outstanding,a market-to-book ratio of 3.76.In addition,PRGO had $845.01 million in outstanding debt,$163.82 million in net income,and cash of $257.09 million.
-Perrigo's market debt-to-equity ratio is closest to:

• A)0.24.
• B)0.50.
• C)0.75.
• D)0.89.

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Definitions:

Product Price

The amount of money charged for a good or service, determined by various factors including production costs, market demand, and competition.

Marginal Cost

The elevation in aggregate expenditure associated with creating an additional unit of a product or service.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, reflecting the total gains from undertaking an economic activity.

Marginal Revenue

The extra revenue earned by selling an additional unit of a product or service.