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 31,2019 and 2018(in $ millions)
\table[[Assets,2019,2018,Liabilities and Stockholders' Equity,2019,2018],[Current Assets,,,Current Liabilities,,],[Cash,73.6,68.5,Accounts payable,87.6,83.5],[Accounts receivable,65.5,49.6,\table[[Notes payable/],[short-term debt]],10.5,9.6],[Inventories,45.9,42.9,Current maturities of long-term debt,39.9,36.9],[Other current assets,6.0,3.0,Other current liabilities,6.0,12.0],[Total current assets,191.0,164.0,Total current liabilities,144.0,142.0],[,,,,,],[Long-Term Assets,,,Long-Term Liabilities,,],[Land,66.6,62.1,Long-term debt,239.7,168.9],[Buildings,109.5,91.5,Capital lease obligations,---,---],[Equipment,119.1,99.6,Total Debt,239.7,168.9],[\table[[Less accumulated],[depreciation]],(66.1),(62.5),Deferred taxes,22.8,22.2],[\table[[Net property, plant, and],[equipment]],\table[[229.1]],190.7,Other long-term liabilities,---,---],[Goodwill,60.0,--,Total long-term liabilities,262.5,191.1],[Other long-term assets,73.0,42.0,Total liabilities,406.5,333.1],[Total long-term assets,362.1,232.7,Stockholders' Equity,146.6,63.6],[,,,,,],[Total Assets,553.1,396.7,\table[[Total liabilities and Stockholders],[Equity]],553.1,396.7]]
When using the book value of equity, the debt-to-equity ratio for Luther in 2019 is closest to:
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