Use the Table for the Question(s)below

question 75

Multiple Choice

Use the table for the question(s) below.
Luther Corporation Consolidated Income Statement Year ended 30 June (in $ millions)

-Refer to the income statement above. Luther's return on equity (ROE) for the year ending 30 June 2018 is closest to:

• A)2.0%
• B)12.7%
• C)8.4%
• D)6.5%

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Definitions:

Maturity Date

The date on which the principal amount of a bond, loan, or other financial instrument becomes due and payable.

Amount Due

The total sum of money owed for goods or services provided, payable by a certain date.

90-Day Note

A short-term loan or promissory note that is due for repayment within 90 days.

Reversed Entries

Accounting entries that are made at the beginning of an accounting period to cancel out the adjusting entries made at the end of the previous period.