Use the Table for the Question(s)below

question 67

Multiple Choice

Use the table for the question(s) below.
Consider the following balance sheet:

-If in 2012 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 2012 is closest to:

• A)1.47
• B)1.78
• C)2.31
• D)4.07

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Definitions:

P-value

The probability of observing data at least as extreme as the data observed, under the assumption that the null hypothesis is true.

Sample Mean

The average of all observations or data points in a sample, used as an estimate of the population mean.

Population Standard Deviation

A measure of the dispersion or spread of a population's values around its mean, quantifying variability.

P-value Method

A statistical approach used to determine the significance of results in hypothesis testing, indicating the probability of observing data as extreme as the sample data.