Computing and Interpreting Financial Statement Ratios Following are selected ratios of Norfolk Southern for 2018...
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Computing and Interpreting Financial Statement Ratios Following are selected ratios of Norfolk Southern for 2018 and 2017, Return on Assets (ROA) Component 2018 2017 Profitability (Net income/Sales) 28.3% 56.2% Productivity (Sales/Average assets) 0.368 0.349 a. Was the company profitable in 2018? b. Was the company more profitable in 2018 or 2017? c. Is the change in productivity a positive or negative development? d. Compute the company's ROA for 2018 and for 2017. Note: Round answers to one decimal places (example: 10.4%). ROA 9 2018 2017 %
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