N2015, caterpillar inc. had about 730 million shares outstanding. their book value was $30.0 per share, and the market price was $87.00 per share. the company’s balance sheet shows that the company had $30.50 billion of long-term debt, which was currently selling near par value. a. what was caterpillar’s book debt-to-value ratio? (do not round intermediate calculations. enter your answer as a decimal rounded to 2 decimal places.)

The book debt-to-value ratio is 0.57

Explanation:

The computation of the book debt-to-value ratio is shown below:

Book debt-to-value ratio = (Book value) ÷ (book value of debt)

where,

Book value is $30.0 per share

Book value of debt = Outstanding shares × book value + long term debt

= 0.730 × $30 + $30.50

= $21.90 + $30.50

= $52.40

Now put these values to the above formula  

So, the value would equal to

=  $30.00  ÷ $52.40

= 0.57

i believe it’s b because the rest don’t make sense