Business, 19.05.2020 16:58 alonzob2367

Total sales 610.1 576.8 Cost of sales (500.2) (357.1) Gross profit 109.9 219.7 Selling, general, and administrative expenses (40.5) (39.4) Research and development (24.6) (21.6) Depreciation and amortization (3.6) (3.7) Operating income 41.2 155 Other income minusminus minusminus Earnings before interest and taxes (EBIT) 41.2 155 Interest income (expense) (25.1) (14.7) Pretax income 16.1 140.3 Taxes (5.5) (49.105) Net income 10.6 91.195 Price per share $16 $15 Sharing outstanding (millions) 10.2 8.0 Stock options outstanding (millions) 0.3 0.2 Stockholders' Equity 126.6 63.6 Total Liabilities and Stockholders' Equity 533.1 386.7 Refer to the income statement above. Luther's return on equity (ROE) for the year ending December 31, 2018 is closest to:

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 21:40

The board of directors is the highest ranking body in a corporation, and the chairman of the board is the highest ranking individual. the ceo generally works under the board and its chairman, and the board generally has the authority to remove the ceo under certain conditions. the ceo, however, cannot remove the board, but he or she can endeavor to have the board voted out and a new board voted in should a conflict arise. it is possible for a person to simultaneously serve as ceo and chairman of the board, though many corporate control experts believe it is bad to vest both offices in the same person. true false

Answers: 3

Answer

Business, 22.06.2019 19:00

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.

Answers: 2

Answer

Business, 23.06.2019 01:30

How is systematic decision making related to being financially responsible

Answers: 1

Answer

Business, 23.06.2019 02:30

Complete electronics inc. sells a point-of-sale computer with a two-year service contract. complete collects $ 2 comma 500 cash for the selling price of the computer and $ 576 for the two-year service contract. how is revenue recognized?

Answers: 2

Answer

You know the right answer?

Total sales 610.1 576.8 Cost of sales (500.2) (357.1) Gross profit 109.9 219.7 Selling, general, and...

Questions