A)

6.5%

B)

8.4%

C)

12.7%

D)

2.0%

Use the table for the question(s) below. Luther Corporation Consolidated Income Statement Year ended December 31 (in $ millions) 2019 2018 610.1 578.3 (500.2) (481.9) 109.9 96.4 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 (40.5) (39.0) (24.6) (22.8) (3.6) (3.3) 41.2 31.3 --- 41.2 31.3 (25.1) (15.8) 16.1 15.5 (5.5) (5.3) 10.6 10.2 Price per share Shares outstanding (millions) Stock options outstanding (millions) $16 10.2 0.3 $15 8.0 0.2 Shareholders' Equity Total Liabilities and Shareholders' Equity 126.6 63.6 533.1 386.7 Refer to the income statement above. Luther's return on equity (ROE) for the year ending December 31, 2019 is closest to