The financial statements of Flathead Lake Manufacturing Company are shown below.


Note: The common shares are trading in the stock market for $15 per share.
Refer to the financial statements of Flathead Lake Manufacturing Company. The firm's debt-to-equity ratio for 2017 is ________.

A) 2.13
B) 2.44
C) 2.56
D) 2.89

Debt-To-Equity Ratio

A financial metric that shows the comparative amount of equity and debt a company utilizes to fund its assets.

Financial Statements

Financial statements are formal records of the financial activities and position of a business, person, or other entity, typically comprising the balance sheet, income statement, and cash flow statement.