Refer to the balance sheet above. If in 2006 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then using the market value of equity, the debt-equity ratio for Luther in 2006 is closest to

176 %

Explanation:

Note : The full question is attached below

The debt-equity ratio is part of the Debt Management Ratios. It shows how much foreign money is used by the company.

Debt-equity ratio = Total Debt / Total Equity × 100

Where

Total Debt = Short term debt + Current maturities of long term debt + Long term debt

                 = 9.3 million + 38.8  million + 239.1  million

                 = $287,200,000

Total Equity = Shares outstanding × Market Value

                    =  10,200,000 × $16

                    = $163,200,000

Therefore,

Debt-equity ratio = 176 %

The debt-equity ratio for Luther in 2006 is closest to 176 %

answer; im thinking customer:

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%