Use the Table for the Question(s) Below

question 51

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 using the market value of equity,the debt to equity ratio for Luther in 2006 is closest to:

• A) 1.71
• B) 1.78
• C) 2.31
• D) 2.35

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Definitions:

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