Use the Table for the Question(s)below

question 99

Multiple Choice

Use the table for the question(s) below.
Consider the following balance sheet:
-Luther Corporation's stock price is $39 per share and the company has 20 million shares outstanding.Its excess cash in 2019 is $23.4.If EBIT is $41.2 million and tax rate is 21%,its Return on Invested Capital in 2019 is closest to:

• A)0.104.
• B)0.064.
• C)0.038.
• D)0.083.

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Definitions:

Three Priority Levels

A system of classification that ranks items or tasks according to their urgency or importance into three categories.

Alarms

Signals or notifications designed to alert users about a specific condition or event, often used in security systems, smartphones, and applications.

Flags

Visual markers used in various applications to highlight or categorize items for easy identification.

Due Date

The specified date by which a task, assignment, or payment is to be completed or submitted.