Use the Table for the Question(s)below

question 33

Multiple Choice

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

-Luther Corporation's share price is $39 and the company has 20 million shares outstanding. Its excess cash in 2012 is $23.4. Its Debt-to-Enterprise Value Ratio in 2012 is closest to:

• A)0.696
• B)0.37
• C)0.255
• D)0.654

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Definitions:

Uncertain World

A situation or environment where outcomes cannot be predicted with complete confidence due to various unpredictable factors.

Economic Profit

The divergence between complete income and total liabilities, considering both concrete and theoretical expenses.

Economic Losses

The decrease in financial value or resources typically due to business activities or adverse economic conditions.

Human Capital

The collective skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.