Nucor Corporation produces steel and steel products at its eight mills and is a major recycler of scrap metal. The following data relate to Nucor for four years. In 2017, Nucor’s net income was higher by $175.2 million because of a one-time effect of the Tax Cuts and Jobs Act. Nucor Corporation ($ in millions) 2015 2016 2017 2018 Total assets $14,327.0 $15,223.5 $15,841.3 $17,920.6 Common stockholders’ equity $7,849.9 $8,254.7 $9,084.8 $10,202.0 Total debt $4,388.5 $4,357.1 $3,795.1 $4,291.1 Sales $16,208.1 $20,252.4 $25,067.3 Net income 900.4 1,380.6 2,481.1 Interest expense 169.2 173.6 135.5 Assumed marginal income tax rate 0.37 0.37 0.23 Source: Nucor Form 10-Ks for 2015–2018. Required: In the following analyses, eliminate the one-time net income effect of the Tax Cuts and Jobs Act on 2017’s results. Calculate Nucor’s ROA for 2016, 2017, and 2018. Decompose ROA into operating profit margin and asset turnover components. Has Nucor’s profitability changed over the three years? Calculate the rate of return on common stockholders’ equity for 2016, 2017, and 2018.

Nucor Corporation produces steel and steel products at its eight mills and is a major recycler of scrap metal. The following data relate to Nucor for four years. In 2017, Nucor’s net income was higher by $175.2 million because of a one-time effect of the Tax Cuts and Jobs Act. Nucor Corporation ($ in millions) 2015 2016 2017 2018 Total assets $14,327.0 $15,223.5 $15,841.3 $17,920.6 Common stockholders’ equity $7,849.9 $8,254.7 $9,084.8 $10,202.0 Total debt $4,388.5 $4,357.1 $3,795.1 $4,291.1 Sales $16,208.1 $20,252.4 $25,067.3 Net income 900.4 1,380.6 2,481.1 Interest expense 169.2 173.6 135.5 Assumed marginal income tax rate 0.37 0.37 0.23 Source: Nucor Form 10-Ks for 2015–2018. Required: In the following analyses, eliminate the one-time net income effect of the Tax Cuts and Jobs Act on 2017’s results. Calculate Nucor’s ROA for 2016, 2017, and 2018. Decompose ROA into operating profit margin and asset turnover components. Has Nucor’s profitability changed over the three years? Calculate the rate of return on common stockholders’ equity for 2016, 2017, and 2018.

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Nucor Corporation produces steel and steel products at its eight mills and is a major recycler of scrap metal. The following data relate to Nucor for four years. In 2017, Nucor's net income was higher by $175.2 million because of a one-time effect of the Tax Cuts and Jobs Act. Nucor Corporation ($ in millions) 2015 2016 2017 2018 $14,327.0 7,849.9 4,388.5 $15,841.3 9,084.8 3,795.1 20,252.4 1,380.6 Total assets $15,223.5 8,254.7 4,357.1 16,208.1 $17,920.6 10,202.0 4,291.1 25,067.3 Common stockholders' equity Total debt Sales Net income 900.4 2,481.1 Interest expense 169.2 173.6 135.5 Assumed marginal income tax rate 0.37 0.37 0.23 Source: Nucor Form 10-Ks for 2015-2018. Required: In the following analyses, eliminate the one-time net income effect of the Tax Cuts and Jobs Act on 2017's results. 1. Calculate Nucor's ROA for 2016, 2017, and 2018. 2. Decompose ROA into operating profit margin and asset turnover components. 3. Has Nucor's profitability changed over the three years? 4.…
Nucor Corporation produces steel and steel products at its eight mills and is a major recycler of scrap metal. The following data relate to Nucor for four years. In 2017, Nucor's net Income was higher by $175.2 million because of a one-time effect of the Tax Cuts and Jobs Act. Nucor Corporation ($ in millions) Total assets Common stockholders' equity Total debt Sales Net income Interest expense Assumed marginal income tax rate Source: Nucor Form 10-Ks for 2015-2018. Required: In the following analyses, eliminate the one-time net Income effect of the Tax Cuts and Jobs Act on 2017's results. 1. Calculate Nucor's ROA for 2016, 2017, and 2018. 2. Decompose ROA Into operating profit margin and asset turnover components. 3. Has Nucor's profitability changed over the three years? 4. Calculate the rate of return on common stockholders' equity for 2016, 2017, and 2018. Complete this question by entering your answers in the tabs below. ROA Required 2 Required 3 2016 Required 1 Calculate Nucor's…
N2.
Mitchie, Inc. s a manufacturing company in Rhode Island, The company had pre-tax accounting income of $1,500,000 and a tax rate of 40% in 2022, its first year of operations. During 2022, the company had the following transactions Received rent from Torres, Co. for 2023 $84,000 Municipal bond income $108,000 Depreciation for tax purposes in excess of book depreciation $48,000 Installment sales profit to be taxed in 2023 $150,000 At the end of 2022, which of the following deferred tax accounts and balances exist at December 31, 2022?
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The table below shows a condensed income statement and balance sheet for Androscoggin Copper's Rumford smelting plant (figures in S millions). Assume the cost of capital is 9% Income Statement for 2018 Revenue Raw materials cost Operating cost Depreciation Pretax income Tax at 215 Net income EVA $.57.06 18.66 21.05 4.46 $.12.87 2.70 5:10.17 Net working capital 5:16 million Assets, December 31, 2018 Investment in plant and equipment Less accumulated depreciation Net plant and equipment Total assets Answer is complete and correct. a. Calculate the plant's EVA (Enter your answer in millions rounded to 2 decimal places.) $ 7,04 69.73 21.05 $48.68 $55.72
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Nucor Corporation
($ in millions)	2015	2016	2017	2018
Total assets	$14,327.0	$15,223.5	$15,841.3	$17,920.6
Common stockholders’ equity	$7,849.9	$8,254.7	$9,084.8	$10,202.0
Total debt	$4,388.5	$4,357.1	$3,795.1	$4,291.1
Sales		$16,208.1	$20,252.4	$25,067.3
Net income		900.4	1,380.6	2,481.1
Interest expense		169.2	173.6	135.5
Assumed marginal income tax rate		0.37	0.37	0.23