This solution comprises calculation of ROA AND ADJUSTED
ROA.
CSX Corporation reported the following in its tax footnote to its 2019 financial statements. 4 5...
a. Compute the return on assets (ROA) for 2018 and 2017. Round
answers to one decimal place (ex: 0.2345 = 23.5%).
b. Compute the profit margin (PM) for 2018 and 2017.
Round answers to one decimal place (ex: 0.2345 = 23.5%).
c. Compute the asset turnover (AT) for 2018 and 2017.
Round answers to two decimal places.
d. Which component of ROA (profit margin or asset turnover or
both) drives the change in ROA in 2018?
e. Compute the return...
Compute and Interpret Ratios Selected balance sheet and income statement information from Illinois Tool Works follows. $ millions 2019 2018 2017 Net operating profit after tax (NOPAT) $2,349 $2,440 Net income 2,269 2,307 Total assets 14,315 14,127 $15,941 Equity 2,875 3,091 3,091 Net operating profit after tax (NOA) 8,426 8,989 9,585 Treasury stock 17,084 15,791 14,006 a. Compute profitability measures: RNOA, ROA and ROE for 2019 and 2018 using the numbers as reported by the company. Note: Round answers to...
Selected balance sheet and income statement information from Illinois Tool Works follows. $ millions 2019 2018 2017 Net operating profit after tax (NOPAT) $2,349 $2,440 Net income 2,269 2,307 Total assets 14,315 14,127 $15,941 Equity 2,875 3,091 3,091 Net operating profit after tax (NOA) 8,426 8,989 9,585 Treasury stock 17,084 15,791 14,006 a. Compute profitability measures: RNOA, ROA and ROE for 2019 and 2018 using the numbers as reported by the company. Note: Round answers to one decimal place (ex:...
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NO INCOMPLETE INFO HERE. THIS IS THE QUESTION IN ITS
ENTIRETY.....
Selected balance sheet and income statement information from Illinois Tool Works follows. $ millions 2019 2018 2017 Net operating profit after tax (NOPAT) $2,349 $2,440 Net income 2,269 2,307 Total assets 14,315 14,127 $15,941 Equity 2,875 3,091 3,091 Net operating profit after tax (NOA) 8,426 8,989 9,585 Treasury stock 17,084 15,791 14,006 a. Compute profitability measures: RNOA, ROA and ROE for 2019 and 2018 using the numbers as...
Please answer all parts !!!
Selected balance sheet and income statement information from Illinois Tool Works follows. $ millions 2019 2018 2017 Net operating profit after tax (NOPAT) $2,349 $2,440 Net income 2,269 2,307 Total assets 14,315 14,127 $15,941 Equity 2,875 3,091 3,091 Net operating profit after tax (NOA) 8,426 8,989 9,585 Treasury stock 17,084 15,791 14,006 a. Compute profitability measures: RNOA, ROA and ROE for 2019 and 2018 using the numbers as reported by the company. Note: Round answers...
Compute NOPAT Using Tax Rates from Tax Footnote The income statement for The TJX Companies, Inc., follows. THE TJX COMPANIES, INC. Consolidated Statements of Income Fiscal Year Ended ($ thousands) January 29, 2005 Net sales $14,913,483 Cost of sales, including buying and occupancy costs 11,398,656 Selling, general and administrative expenses 2,500,119 Provision (credit) for computer intrusion related costs - Interest expense (revenue), net 25,757 Income from continuing operations before provision for income taxes 988,951 Provision for income taxes 379,252 Income...
Compute NOPAT Using Tax Rates from Tax Footnote The income statement for The TJX Companies, Inc., follows. THE TJX COMPANIES, INC. Consolidated Statements of Income Fiscal Year Ended ($ thousands) January 29, 2011 Net sales $21,942,193 Cost of sales, including buying and occupancy costs 16,040,461 Selling, general and administrative expenses 3,710,053 Provision (credit) for computer intrusion related costs (11,550) Interest expense (revenue), net 39,137 Income from continuing operations before provision for income taxes 2,164,092 Provision for income taxes 824,562 Income...
Interpreting the Income Tax Expense Footnote The income tax footnote to the financial statements of FedEx Corporation follows The C ts of the provision for income taxes for the years ended May 31 were as follows: $ millions 2016 2015 2014 Current provision (benefit) Domestic $513 $795 $624 State and local 72 102 56 200 214 194 785 1,111 874 Federal Foreign Deferred provisions (benefit) Domestic 55 (474) 360 State and local (18) (47) 82 (2) 13 18 135 (534)...
Hometown Supply Company reported the following information in its comparative financial statements for the fiscal year ended January 31, 2018: E: (Click the icon to view the data.) Read the requirements. Requirement 1. Compute net profit margin ratio (%) for the years ended January 31, 2018 and 2017. Did it improve or worsen in 2018? Identify the formula, then calculate profit margin for 2018 and 2017. (Round your answers to the nearest hundredth of a percent, X.XX%.) = Net profit...
4. The following are extracted from the financial statements of Park Inc., for 2019, 2018, and 2017. 2017 Net sales Cost of sales Selling and administrative expenses 2019 $233,000 (124,000) (95,000) 2018 $204,000 (110,000) (81,500) Other income: Interest Other Earnings before tax and extraordinary credit Provision for income tax Earnings before extraordinary credit Extraordinary credit (3,700) 100 $ 10,400 (4,800) 5,600 (3,050) 1,175 $ 10,625 (4,740) 5,885 1,510 $ 7,395 $ 5,600 Total assets Long-term debt Common equity Preferred stock...