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:

Hierarchy of Needs

A motivational theory in psychology proposed by Abraham Maslow, which outlines a five-tier model of human needs, from basic physiological needs to self-actualization.

Effective Climate

An environment or atmosphere that positively influences productivity and satisfaction among individuals within a group or organization.

Full Potential

The highest level of performance or achievement that a person or entity can attain.

Need for Power

An individual's desire to control, influence, or have authority over others.