Use the Information for the Question(s)below

question 52

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 debt to equity ratio is closest to:

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

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Definitions:

Spirometry

A test used to measure breathing capacity.

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Apparel that fits very closely to the body, often stretching to conform to the body's shape.

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A device designed to clamp the nostrils closed to prevent the entry of water or to block smells, often used during swimming or in environments with unpleasant odors.

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A process in which the electrical charge of a cell membrane is reduced, allowing for the initiation of electrical impulses in nerve and muscle cells.