Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

return on assests for luthers year ending dec 31, 2021 refer to the income statement above. luthers operating margin for the year ending december 31,2021

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
return on assests for luthers year ending dec 31, 2021
refer to the income statement above. luthers operating margin for the year ending december 31,2021 is closest to?
3ear ending December 31, 2021 is closest to Luther Corporation Consolidated Income Statement Year ended December 31 (in \$millions) \begin{tabular}{lcc} Other income & - & -- \\ Earnings before interest and taxes (EBIT) & 41.2 & 120.1 \\ Interest income (expense) & -25.1 & -14.4 \\ Pretax income & 16.1 & 105.7 \\ Taxes & -5.5 & -36.995 \\ Net income & 10.6 & 68.705 \\ & & \\ 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' Eauitv & 533.1 & 386.7 \end{tabular} Luther Corporation Consolidated Income Statement Year ended December 31 (in \$millions) Refer to the income statement above. Luther's return on assets (ROA) for the year ending December 31, 2021 is closest to 3ear ending December 31, 2021 is closest to 3ear ending December 31, 2021 is closest to \begin{tabular}{lcc} Other income & - & -- \\ Earnings before interest and taxes (EBIT) & 41.2 & 120.1 \\ Interest income (expense) & -25.1 & -14.4 \\ Pretax income & 16.1 & 105.7 \\ Taxes & -5.5 & -36.995 \\ Net income & 10.6 & 68.705 \\ & & \\ 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' Eauitv & 533.1 & 386.7 \end{tabular} \begin{tabular}{lcc} Other income & - & -- \\ Earnings before interest and taxes (EBIT) & 41.2 & 120.1 \\ Interest income (expense) & -25.1 & -14.4 \\ Pretax income & 16.1 & 105.7 \\ Taxes & -5.5 & -36.995 \\ Net income & 10.6 & 68.705 \\ & & \\ 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' Eauitv & 533.1 & 386.7 \end{tabular} \begin{tabular}{lcc} Other income & - & -- \\ Earnings before interest and taxes (EBIT) & 41.2 & 120.1 \\ Interest income (expense) & -25.1 & -14.4 \\ Pretax income & 16.1 & 105.7 \\ Taxes & -5.5 & -36.995 \\ Net income & 10.6 & 68.705 \\ & & \\ 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' Eauitv & 533.1 & 386.7 \end{tabular} 3ear ending December 31, 2021 is closest to Luther Corporation Consolidated Income Statement Year ended December 31 (in \$millions) Luther Corporation Consolidated Income Statement Year ended December 31 (in \$millions) Refer to the income statement above. Luther's return on assets (ROA) for the year ending December 31, 2021 is closest to Refer to the income statement above. Luther's return on assets (ROA) for the year ending December 31, 2021 is closest to

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cases In Healthcare Finance

Authors: Louis C. Gapenski

2nd Edition

1567932002, 978-1567932003

More Books

Students also viewed these Finance questions