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Luther Corporation Consolidated Balance Sheet

Question 76

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Luther Corporation Consolidated Balance Sheet
December 31, 2006 and 2005 (in $ millions) Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in $ millions) Refer to the balance sheet above. If in 2006 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then Luther's market-to-book ratio would be closest to ________. A) 2.58 B) 0.64 C) 1.29 D) 1.80 Refer to the balance sheet above. If in 2006 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then Luther's market-to-book ratio would be closest to ________.


A) 2.58
B) 0.64
C) 1.29
D) 1.80

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