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Use the Table for the Question(s)below

Question 69

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Use the table for the question(s) below.
Consider the following balance sheet: Use the table for the question(s) below. Consider the following balance sheet: -Luther Corporation's stock price is $39 per share and the company has 20 million shares outstanding.Its excess cash in 2019 is $23.4 million.Its Debt-to-Enterprise Value Ratio in 2019 is closest to: A) 0.696. B) 0.37. C) 0.255. D) 0.654. Use the table for the question(s) below. Consider the following balance sheet: -Luther Corporation's stock price is $39 per share and the company has 20 million shares outstanding.Its excess cash in 2019 is $23.4 million.Its Debt-to-Enterprise Value Ratio in 2019 is closest to: A) 0.696. B) 0.37. C) 0.255. D) 0.654.
-Luther Corporation's stock price is $39 per share and the company has 20 million shares outstanding.Its excess cash in 2019 is $23.4 million.Its Debt-to-Enterprise Value Ratio in 2019 is closest to:


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

Correct Answer:

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