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:

Successful Brands

Brands that have achieved a high level of recognition, loyalty, and preference among their target market, often leading to sustained profitability.

Brand Equity

The value and strength of a brand as perceived by consumers, derived from experiences, associations, and perceptions, contributing to loyalty and premium pricing capabilities.

Millions Of Dollars

A monetary unit used to describe large sums of money, typically used in financial reports, budgets, or to denote the scale of a project or value of an entity.

Profitability

A financial metric that measures the degree to which a company or business activity makes more money than it spends, indicating financial success.