Use the Information for the Question(s)below

question 11

Multiple Choice

Use the information for the question(s) below.
In November 2009,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 book value of equity is closest to:

• A)$952.16 million.
• B)$3580.14 million.
• C)$4168.06 million.
• D)$4425.15 million.

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Definitions:

Trade-offs

The evaluation and choice between competing alternatives in situations where having one benefit often means giving up another.

Government Purchases

Expenditures made by the government for goods and services that are consumed by the public or that have a direct impact on the economy's aggregate demand.

Inflation Rate

The speed at which the overall price level of goods and services increases, leading to a decrease in the value of money.

Unemployment Rate

The percentage of the total labor force that is unemployed but actively seeking employment and willing to work.