Use the Table for the Question(s)below

question 10

Multiple Choice

Use the table for the question(s) below.
Consider the following balance sheet:

-Luther Corporation's share price is $39 and the company has 20 million shares outstanding. Its excess cash in 2012 is $23.4. If EBIT is 41.2 and tax rate is 35%, its Return on Invested Capital in 2009 is closest to:

• A)0.104
• B)0.064
• C)0.038
• D)0.068

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Definitions:

Identified

Recognized or distinguished as being a particular person or thing.

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A research or therapeutic technique involving the damage or removal of tissue within the brain or another part of the body to study or treat dysfunctions.