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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:
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 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
-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

Correct Answer:

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