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:

Gainsharing

Is a team- and group-based incentive system designed to share the cost savings from productivity improvements with employees.

Profit-Sharing

A compensation strategy where employees receive a share of the company's profits, often as a bonus or part of their salary.

Productivity Improvements

Productivity improvements refer to increases in the efficiency of production processes, resulting in higher output for the same or lower input.

Group Incentive System

a reward system where incentives are based on the collective performance of a group, team, or department rather than individual performance.