Use the Table for the Question(s)below

question 31

Multiple Choice

Use the table for the question(s) below.
Consider the following income statement and other information:

-Luther's EBIT coverage ratio for the year ending December 31, 2011 is closest to:

• A)1.64
• B)1.78
• C)1.98
• D)2.19

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Definitions:

Used Goods

Items that have been owned and used by someone else before being sold or passed on to another person.

GDP

Gross Domestic Product is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of all goods and services produced within a country's borders in a given period of time in real terms.

Define GDP

Gross Domestic Product (GDP) represents the overall market or monetary value of all finished goods and services produced inside a nation's boundaries over a certain period.