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:

Methyl Bromide

A toxic gas used as a pesticide and for fumigation processes, known to deplete the ozone layer.

Pesticides

Chemical substances used to eliminate or control pests that affect crops, livestock, and households.

Botanicals

Substances obtained from plants and used in food supplements, pharmaceuticals, cosmetics, and other products.

Natural Chemicals

Substances produced by living organisms found in the natural environment, often with biological activity.