Use the Table for the Question(s)below

question 43

Multiple Choice

Use the table for the question(s) below.

-Refer to the income statement above.Luther's return on assets (ROA) for the year ending December 31,2006 is closest to:

• A)2.0%
• B)6.5%
• C)8.4%
• D)12.7%

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Definitions:

State Law

The legal rules and regulations that are created and enforced by individual states, as opposed to federal law.

State Courts

Judicial bodies in individual states that interpret and apply state laws and constitutions.

Percent

A proportion or share in relation to a whole, expressed as a fraction of 100.

United States

A federal republic in North America comprising 50 states, a federal district, five major self-governing territories, and various possessions.