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Luther Corporation's Stock Price Is $39 Per Share and the Company

Question 3

Multiple Choice

Luther Corporation's stock price is $39 per share and the company has 20 million shares outstanding.Its excess cash in 2009 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

Correct Answer:

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