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Use the Table for the Question(s)below

Question 1

Multiple Choice

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 and the company has 20 million shares outstanding. Its book value Debt -Equity Ratio for 2012 is closest to: A) 2.29 B) 0.31 C) 1.89 D) 0.37 Use the table for the question(s) below. Consider the following balance sheet: -Luther Corporation's stock price is $39 and the company has 20 million shares outstanding. Its book value Debt -Equity Ratio for 2012 is closest to: A) 2.29 B) 0.31 C) 1.89 D) 0.37
-Luther Corporation's stock price is $39 and the company has 20 million shares outstanding. Its book value Debt -Equity Ratio for 2012 is closest to:


A) 2.29
B) 0.31
C) 1.89
D) 0.37

Correct Answer:

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