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CSX Corporation reported the following in its tax footnote to its 2019 financial statements. 4 5 6 7 8 9 10 Finish attempt Question 2
CSX Corporation reported the following in its tax footnote to its 2019 financial statements.
4 5 6 7 8 9 10 Finish attempt Question 2 Not complete Marked out of 6.00 F Flag question 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. 2017 S millions 2019 2018 Net Income 53.331 $3.309 55,471 Interest expense.net 737 639 546 Average total assets 37.493 36.234 35.577 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. Round answers to one decimal place (exc 0.2345 - 23.5%), 2019 2018 2017 Return on assets Adjusted ROA 46 96 Check Previous Save Answers Step by Step Solution
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