Luther Corporation Consolidated Income Statement Year ended December 31 (in $ millions) 2020 2019 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) Pretax income 16.1 15.5 Taxes (5.5) (5.3) Net income 10.6 10.2 --- $16 $15 10.2 8.0 Price per share Shares outstanding (millions) Stock options outstanding (millions) Shareholders' Equity Total Liabilities and Shareholders' Equity 0.3 0.2 126.6 63.6 533.1 386.7 Refer to the income statement above. Luther's return on assets (ROA) for the year ending December 31, 2020 is closest to: A) 8.4% B) 6.5% OC) 32.5% D) 12.7% E) 2.0%