Use the Table for the Question(s)below

question 20

Multiple Choice

Use the table for the question(s) below.

-Refer to the balance sheet above.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-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:

Gastrin

A hormone produced by the stomach that stimulates the secretion of gastric acid.

Secreted

Refers to the process by which substances are produced and discharged from a cell, gland, or organ for a particular function in the organism or for excretion.

Glucose

A simple sugar and important energy source in living organisms, serving as a primary cellular fuel.

Active Transport Proteins

Proteins that use energy to move substances across a cell membrane against a concentration gradient, from lower to higher concentration.