Luther Corporation's Stock Price Is $39 Per Share and the Company

question 94

Multiple Choice

Luther Corporation's stock price is $39 per share and the company has 20 million shares outstanding.Its book value Debt -Equity Ratio for 2009 is closest to:

• A)2.29
• B)0.31
• C)1.89
• D)0.37

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Definitions:

Contraceptives

Methods or devices used to prevent pregnancy as a result of sexual intercourse.

Vaginal Contraceptive Ring

A flexible, doughnut-shaped device inserted into the vagina that releases hormones to prevent pregnancy.

Tubal Ligation

A surgical procedure for sterilization in which a woman's fallopian tubes are clamped and sealed or severed and sealed, blocking the path of egg cells to the uterus.

Homosexual

A term referring to a sexual orientation where individuals are attracted to others of the same sex.