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CSX Corporation reported the following in its tax footnote to its 2019 financial statements. Use this information to answ $ millions 2019 2018 2017 $3,691
CSX Corporation reported the following in its tax footnote to its 2019 financial statements. Use this information to answ $ millions 2019 2018 2017 $3,691 $3,669 $5,831 906 Interest expense, net 1,097 999 Average total assets 37,853 36,594 35,937 Net income 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.. Year ROA 2017 $ 2018 $ 2019 $ Net income Year Numerator 2017 $ 2018 $ 2019 $ Denominator Average total assets 5,831 $ 3,669 $ 3,691 $ Numerator Net income (adjusted) b. Compute adjusted return on assets (ROA) for 2017, 2018, and 2019
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