Question 18 Consolidated Income Statement Year ended December 31 (in 5 millions) 2019 2018 arted out of 100 Total sales 610.1 578 3 Flag Cost of sales (5002) (481.9) question Gross profit 109.9 964 Selling general and administrative expenses (40.5) (39.0) 124.6) (228) Research and development Depreciation and amortization Operating income (3.6) (3.3) 412 31.3 41.2 31.3 Other income Earnings before interest and taxes (EBIT) Interest income (expense) Pretax income (25.1) (15.8) 16.1 15.5 Taxes (5.5) (5,3) Net income 106 102 S16 $15 Price per share Shares outstanding (millions) Stock options outstanding (millions) 10.2 8,0 0.3 02 Shareholders' Equity 126.6 636 Total Liabinties and Shareholders' Equity 5331 3867 Refer to the income statement above. Return on assets (ROA) for the year ending December 31, 2019 is closest to Select one a 6.5% 6.325% C 8.4% d. 1275 e 20%