If in 2009 Luther Has 10

question 43

Multiple Choice

If in 2009 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 2009 is closest to:

• A)1.47
• B)1.78
• C)2.31
• D)4.07

---

Definitions:

Forced Assimilation

The process where individuals or groups are compelled to abandon their own culture, language, or identity to conform to those of a dominating or majority culture.

Dawes Act

Law passed in 1887 meant to encourage adoption of white norms among Indians; broke up tribal holdings into small farms for Indian families, with the remainder sold to white purchasers.

Popular Front

A period during the mid-1930s when the Communist Party sought to ally itself with socialists and New Dealers in movements for social change, urging reform of the capitalist system rather than revolution.

Communist Party

A political party that advocates for the principles of communism, aiming to establish a classless society based on common ownership of the means of production and the absence of social classes, money, and the state.