Use the table for the question(s)below.
Consider the following balance sheet: 
-If on December 31,2018 Luther has 8 million shares outstanding trading at $15 per share,then what is Luther's market-to-book ratio?
Definitions:
Modus Tollens (MT)
A logical form of argument that concludes the inverse of an antecedent from the negation of the consequent of a conditional statement.
Constructive Dilemma (CD)
A form of argument in which, from two conditional statements and the affirmation of their antecedents, one infers the affirmation of their consequents.
Atomic Sentences
Simple sentences that cannot be broken down into smaller sentences without losing meaning.
Truth Table
A tabular method for representing the logical relationships of statements or propositions by showing every possible combination of truth values.
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