Use the Table for the Question(s)below

question 35

Multiple Choice

Use the table for the question(s) below.
Consider the following balance sheet:
-When using the book value of equity,the debt to equity ratio for Luther in 2009 is closest to:

• A)0.43
• B)2.29
• C)2.98
• D)3.57

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Definitions:

Emolument

A salary, fee, or profit from employment or office - the compensation received for work or services provided.

Indemnity

A financial compensation for loss or damage incurred, or a protection against future financial liabilities.

Reimbursement

The act of compensating someone for an expense they have incurred, often related to business costs or healthcare expenses.

Fringe Benefits

These are additional compensations provided to employees beyond their regular salaries, such as health insurance, car allowances, or retirement benefits.