Use the table for the question(s) below.
Consider the following income statement and other information:
-Luther's return on assets (ROA) for the year ending December 31,2009 is closest to:
Definitions:
Compounded Monthly
Compounded monthly refers to the way interest is calculated on an investment or loan, with the interest added to the principal each month so that subsequent interest is earned on an increasingly larger base.
Annual Percentage Rate
The annual percentage rate (APR) is the yearly interest rate charged on borrowed money, including any fees or additional costs, providing a comprehensive cost measure.
Interest Per Month
The amount of interest payable each month on a loan, mortgage, or any other financial obligation that incurs interest.
Rate Of Return
The net gain or loss on an investment over a specified time period, expressed as a percentage of the investment's initial cost.
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