Use the information below for 2018 for 3M Company to answer the requirements ($ millions) 2018...

 

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Use the information below for 2018 for 3M Company to answer the requirements ($ millions) 2018 2017 Sales Net income, consolidated Net income attributable to 3M shareholders Pretax interest expense Assets Total equity Equity attributable to 3M shareholders $24,115 3,947 3,937 152 26,864 $27,958 7,248 8,554 7,210 8,510 d. Compute adjusted ROA (assume a statutory tax rate of 22% and pretax net interest expense of $152). Note: Perform this computation from a consolidated perspective. Use the information below for 2018 for 3M Company to answer the requirements ($ millions) 2018 2017 Sales Net income, consolidated Net income attributable to 3M shareholders Pretax interest expense Assets Total equity Equity attributable to 3M shareholders $24,115 3,947 3,937 152 26,864 $27,958 7,248 8,554 7,210 8,510 d. Compute adjusted ROA (assume a statutory tax rate of 22% and pretax net interest expense of $152). Note: Perform this computation from a consolidated perspective.

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To compute the adjusted ROA we need to adjust the net income ... View the full answer