Question
How do I compute Adjusted Net Income if I have the following info Net income $3,567 $3,545 $5,707 Interest expense, net 973 875 782 Average
How do I compute Adjusted Net Income if I have the following info
| Net income | $3,567 | $3,545 | $5,707 |
| Interest expense, net | 973 | 875 | 782 |
| Average total assets | 37,729 | 36,470 | 35,813 |
Assume a statutory tax rate of 37% for 2017 and 22% for 2018 and 2019.
ROA: 2017- 15.94% 2018- 9.72% 2019- 9.45%
I need it to solve for Adjusted Return On Assets.
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Auditing Social Media A Governance And Risk Guide
Authors: Peter R. Scott, J. Mike Jacka
1st Edition
1118061756, 978-1118061756
