Use the Table for the Question(s) Below

question 57

Multiple Choice

Use the table for the question(s) below.
Consider the following balance sheet:

-If in 2006 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share,then Luther's market-to-book ratio would be closest to:

• A) 0.39
• B) 0.76
• C) 1.29
• D) 2.57

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Definitions:

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