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:

Sustained Economic Growth

A prolonged period of increase in the goods and services produced by an economy, indicating health and prosperity.

Living Standards

A measure of the wealth, comfort, material goods, and necessities available to individuals or societies.

U.S. Investment

The activity of allocating resources, usually in the form of capital or money, into the United States' financial assets or business ventures with the expectation of achieving a profit.

Gross Savings

The total amount saved by an economy before accounting for depreciation.