Below is selected information for XTM Inc. for the years ended December 31: Required: Calculate the return

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Below is selected information for XTM Inc. for the years ended December 31:

Required:
Calculate the return on assets before tax for 20X9 and 20X8. Discuss what the ratios reveal about the company.

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Intermediate Accounting Volume 2

ISBN: 9781260881240

8th Edition

Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel

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Question Posted: Apr 08, 2023 06:35 AM

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Below is selected information for XTM Inc. for the years ended December 31: Required: Calculate the return

Question:

Revenue EBIT Total assets 20X9 $12,700,200 $ 1,040,000 $16,800,000 20X8 $10,520,000 $ 956,000 $17,300,000 20X7 $ 8,900,500 $ 875,000 $18,600,000

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The operating margin in 20X9 has dropped from 91 to 82 H...View the full answer

Intermediate Accounting Volume 2

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