Use the Table for the Question(s)below

question 53

Multiple Choice

Use the table for the question(s) below.
Consider the following balance sheet:
-If in 2019 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share,then using the market value of equity,the debt to equity ratio for Luther in 2009 is closest to:

• A)1.47.
• B)1.78.
• C)2.31.
• D)4.07.

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Definitions:

Input Measures

Quantitative indicators used to assess the amount of resources consumed during the production of goods or services.

Improvement

Enhancements made to an asset or property that increase its value or extend its useful life, rather than repairs which maintain its current condition.

Standard Costs

Predetermined or estimated expenses that are often used to measure and control the cost of producing a product or performing a service.

Management Tool

A management tool is any device, technique, or software used to manage an organization's processes, resources, or data effectively.