Use the Table for the Question(s)below

question 63

Multiple Choice

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)
-Wyatt Oil has a net profit margin of 4.0%,a total asset turnover of 2.2,total assets of $525 million,and a book value of equity of $220 million.Wyatt Oil's current return-on-assets (ROA) is closest to:

• A)8.8%.
• B)9.5%.
• C)21.0%.
• D)22.8%.

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Definitions:

Reactance

A psychological response where individuals feel compelled to assert their freedom in reaction to perceived restrictions or coercion.

Attractiveness

The quality or combination of qualities that gives pleasure to the senses or pleasurably exalts the mind or spirit, often related to physical appearance but also including traits like charisma and intelligence.

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The science that deals with the composition, structure, and properties of substances and the changes they undergo.

Sayonara

A Japanese word used to express goodbye.