Compute ROA and adjusted ROA

CSX Corporation reported the following in its tax footnote to its $2019$ financial statements. Use this information to answer the requirements.

Compute $($a$)$ return on assets and $($b$)$ the adjusted return on assets for each of the three years.

Assume a statutory tax rate of $37\%$ for $2017$ and $22\%$ for $2018$ and $2019.$

a$.$ Compute return on assets $($ROA$)$ for $2017,2018,$ and $2019$

Note: $1.$ Select the appropriate numerator and denominator used to compute ROA from the drop$-$down menu options. $2.$ Enter the numerator and denominator amounts to compute

ROA for each year.

b$.$ Compute adjusted return on assets $($ROA$)$ for $2017,2018,$ and $2019$

Note: $1.$ Select the appropriate numerator and denominator used to compute adjusted ROA from the drop$-$down menu options. $2.$ Enter the numerator and denominator amounts to

compute adjusted ROA for each year.