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%.
Correct Answer:

Verified
Correct Answer:
Verified
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