Luther Corporation Consolidated Income Statement Year ended December 31 in Smillions) 2006 610.1 -500-2 2005 564.9 -360.5 204.4 109.9 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 -24.6 -3.6 41.2 -40.5 -23.5 34 137 41.2 -25.1 16.1 -5.5 137 -14.3 122.7 -42.945 79.755 10.6 Price per share Shares outstanding (millions) $16 10.2 $15 8.0 Stockholders' Equity Total Liabilities and Stockholders' Equity 1266 533.1 63.6 386.7 Refer to the income statement above. Luther's P/E ratio in 2006 is the closest to: A) 15.38 B) 16.00 C) 1.6 D) 4.25 company . In 2005 Luther can be described as A) growth B) value C) overvalued D) discount How did Luther's return on assets change from 2005 to 2006