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:

Union Activities

Various actions undertaken by labor unions including organizing, bargaining, striking, and other efforts to protect and advance members' interests.

Injunctions

Legal orders issued by a court that direct a party to do or refrain from doing specific acts, often used in labor disputes to halt strikes or picketing.

Yellow Dog Contracts

Employment agreements where the employee pledges not to join a labor union during the term of employment; these are illegal in the United States.

Free Trade

An economic policy that allows imports and exports among countries with minimal regulatory barriers or tariffs.