Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Luther Corporation Consolidated Income Statement Year ended December 31 (in $ millions) 2009 2008 Total sales 610.1 578.3 Cost of sales (500.2) (481.9) Gross profit
Luther Corporation Consolidated Income Statement Year ended December 31 (in $ millions) 2009 2008 Total sales 610.1 578.3 Cost of sales (500.2) (481.9) Gross profit 109.9 96.4 Selling, general, and administrative expenses (40.5) (39.0) Research and development (24.6) (22.8) Depreciation and amortization (3.6) (3.3) Operating income 41.2 31.3 Other income Earnings before interest and taxes (EBIT) 41.2 31.3 Interest income (expense) (25.1) (15.8) Pre-tax income 16.1 15.5 Taxes Net income Price per share (5.5) (5.3) 10.6 10.2 $16 $15 Shares 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 g. What is Luther's Net Profit Margin for the year ending December 31, 2008? h. What is Luther's earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year ending December 31, 2009? i. What is Luther's return on equity (ROE) for the year ending December 31, 2009? j. What is Luther's return on assets (ROA) for the year ending December 31, 2009? k. What is Luther's price - earnings ratio (P/E) for the year ending December 31, 2009
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started