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:

Samuel Gompers

A labor union leader who founded the American Federation of Labor (AFL) and was pivotal in advocating for workers' rights and labor reforms in the United States.

AFL

Short for American Federation of Labor, it is a national federation of labor unions in the United States, founded in 1886.

Exclusive Union Strategy

A labor union approach aiming to be the sole representative of all workers within a given company or industry, often seeking to secure better terms and conditions through collective bargaining.

Closed Shop

A form of union security agreement where the employer agrees to hire union members only, and employees must remain members of the union at all times.