Use the Table for the Question(s)below

question 69

Multiple Choice

Use the table for the question(s) below.
Consider the following balance sheet:
-Luther Corporation's stock price is $39 per share and the company has 20 million shares outstanding.Its excess cash in 2019 is $23.4 million.Its Debt-to-Enterprise Value Ratio in 2019 is closest to:

• A)0.696.
• B)0.37.
• C)0.255.
• D)0.654.

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Definitions:

Limit Inflow

Measures or policies set to restrict the amount of incoming resources, funds, or foreign currencies into a country or system.

Administrative Delays

Delays in processes or decision-making within an organization, often due to bureaucratic obstacles or inefficiency.

Limit Inflow

A measure or policy implemented to restrict the volume or quantity of something entering a particular system or area.

Infant Industries

Emerging sectors or businesses that are at the beginning stages of development and may be protected by a government to help them grow without foreign competition.