Use the Table for the Question(s)below

question 1

Multiple Choice

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

-Luther Corporation's stock price is $39 and the company has 20 million shares outstanding. Its book value Debt -Equity Ratio for 2012 is closest to:

• A)2.29
• B)0.31
• C)1.89
• D)0.37

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