Use the Table for the Question(s)below

question 8

Essay

Use the table for the question(s)below.
Consider the following income statement and other information:
Luther Corporation
Consolidated Income Statement
Year ended December 31 (in $ millions)
-Calculate Luther's return of equity (ROE),return of assets (ROA),and price-to-earnings ratio (P/E)for the year ending December 31,2018.

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in the marketplace.

Financial Performance

The measure of an organization's profitability, revenue, expenses, and overall financial health over a specific period.

Legal Compliance

Adherence to laws, regulations, standards, and ethical practices applicable to an organization's operations.

Return on Sales

A financial ratio that calculates the amount of profit generated as a percentage of total sales, indicating the efficiency of a company's operations.