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Luther Corporation
Consolidated Income Statement
Year ended December 31​ (in $millions)
2019
2018
Total sales
610.1
577.9
Cost of sales
​(500.2)
​(370.2​)
Gross profit
109.9
207.7
​Selling, general, and
administrative expenses
​(40.5)
​(38.1​)
Research and development
​(24.6)
​(21.8​)
Depreciation and amortization
​(3.6)
​(3.2​)
Operating income
41.2
144.6
Other income
−−
−−
Earnings before interest and taxes​ (EBIT)
41.2
144.6
Interest income​ (expense)
​(25.1)
​(14.3​)
Pretax income
16.1
130.3
Taxes
​(5.5)
​(45.605​)
Net income
10.6
84.695
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:
Total sales Cost of sales Gross profit Selling, general, and administrative expenses Research and development Depreciation and amortization Operating income Other income Earnings before interest and taxes (EBIT) Interest income (expense) Pretax income Taxes Net income Price per share Sharing outstanding (millions) Stock options outstanding (millions) O A. 266.34% OB. 106.53% C. 133.17% O D. 159.8% 2019 610.1 (500.2) 109.9 0000 (40.5) (24.6) (3.6) 41.2 -- 41.2 (25.1) 16.1 (5.5) 10.6 $16 10.2 0.3 2018 577.9 (370.2) 207.7 126.6 533.1 (38.1) (21.8) (3.2) 144.6 144.6 (14.3) 130.3 Stockholders' Equity Total Liabilities and Stockholders' Equity Refer to the income statement above. Luther's return on equity (ROE) for the year ending December 31, 2018 is closest to: (45.605) 84.695 $15 8.0 0.2 63.6 386.7 Luther Corporation Consolidated Income Statement Year ended December 31 (in $millions) (...)