Use the Table for the Question(s)below

question 92

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 assets (ROA) for the year ending 30 June 2018 is closest to:

• A)8.4%
• B)12.7%
• C)2.0%
• D)6.5%

Recognize the challenges and benefits of integrating mobile technology in business.

Understand how technology affects information accessibility and connectivity.

Analyze the strategic use of information visualization and data in business decisions.

Understand the challenges and security risks associated with BYOD (Bring Your Own Device) policies in workplaces.

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Definitions:

Markup Percentage

The ratio between the cost of a good or service and its selling price, expressed as a percentage over the cost.

Total Cost Method

A method of inventory valuation where the total cost of goods available for sale is allocated to the cost of goods sold and ending inventory.

Invested Assets

Assets that are purchased or acquired for the purpose of generating income or appreciation, including stocks, bonds, real estate, and more.

Contribution Margin

The difference between sales revenue and variable costs, indicating how much revenue is contributing to covering fixed costs and generating profit.