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:

Attributes

Characteristics or features that belong to a person, object, or concept.

Extraversion

The trait of being outgoing, sociable, and assertive.

Big Five

A psychological model comprising five broad dimensions used to describe human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Personality Traits

Enduring characteristics or qualities that define an individual’s behavior in a wide range of circumstances.