Consider the following balance sheet: Luther Corporation Consolidated Balance Sheet December 31,2019 and 2018(in...
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Accounting
Consider the following balance sheet: Luther Corporation Consolidated Balance Sheet December and in $ millions tableAssetsLiabilities and Stockholders' Equity,Current Assets,,,Current Liabilities,,CashAccounts payable,Accounts receivable,tableNotes payableshortterm debtInventoriesCurrent maturities of longterm debt,Other current assets,Other current liabilities,Total current assets,Total current liabilities,LongTerm Assets,,,LongTerm Liabilities,,LandLongterm debt,BuildingsCapital lease obligations,EquipmentTotal Debt,tableLess accumulateddepreciationDeferred taxes,tableNet property, plant, andequipmenttableOther longterm liabilities,GoodwillTotal longterm liabilities,Other longterm assets,Total liabilities,Total longterm assets,Stockholders' Equity,Total Assets,tableTotal liabilities and StockholdersEquity When using the book value of equity, the debttoequity ratio for Luther in is closest to:
Consider the following balance sheet:
Luther Corporation
Consolidated Balance Sheet
December and in $ millions
tableAssetsLiabilities and Stockholders' Equity,Current Assets,,,Current Liabilities,,CashAccounts payable,Accounts receivable,tableNotes payableshortterm debtInventoriesCurrent maturities of longterm debt,Other current assets,Other current liabilities,Total current assets,Total current liabilities,LongTerm Assets,,,LongTerm Liabilities,,LandLongterm debt,BuildingsCapital lease obligations,EquipmentTotal Debt,tableLess accumulateddepreciationDeferred taxes,tableNet property, plant, andequipmenttableOther longterm liabilities,GoodwillTotal longterm liabilities,Other longterm assets,Total liabilities,Total longterm assets,Stockholders' Equity,Total Assets,tableTotal liabilities and StockholdersEquity
When using the book value of equity, the debttoequity ratio for Luther in is closest to:
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