Use the table for the question(s)below.
-Refer to the statement of financial position above.If on December 31,2014 Luther has 8 million shares outstanding trading at $15 per share,then what is Luther's market-to-book ratio?
Definitions:
Ethylene Oxide
A highly reactive, flammable gas used primarily to produce ethylene glycol and as a sterilant for medical equipment and supplies.
N-pentyllithium
A lithium organic compound used as a strong base and nucleophile in organic synthesis, with a pentyl group attached to lithium.
Aqueous Acid
An acid that is dissolved in water, where it dissociates to some extent into hydrogen ions and anions.
2-phenylethanol
A fragrant organic compound with a floral scent, used in perfumery and also known as phenethyl alcohol.
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