Luther Corporation Consolidated Balance Sheet 30 June 2017 and 2018

question 91

Multiple Choice

Luther Corporation Consolidated Balance Sheet 30 June 2017 and 2018 (in $ millions)

-Refer to the balance sheet above. When using the book value of equity, the debt-equity ratio for Luther in 2017 is closest to:

• A)3.98
• B)3.43
• C)3.21
• D)3.39

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