Question: 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.

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

Revenue EBIT Total assets 20X9 $12,700,200 $ 1,040,000 $16,800,000 20X8 $10,520,000 $


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

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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