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) (...)