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Adjusted ROA: A profitability ratio calculated as adjusted net income divided by adjusted total assets. Nike Inc.’s adjusted ROA improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. By: Garry S. Pagaspas, CPA Let me share you an overview on how corporate income taxation applies in the Philippines, in general. Let us start with the understanding of the thing called “corporation” by its nature as defined in the Corporation Code of the Philippines and for tax purposes as defined by the National Internal Revenue Code of the Philippines. Please refer hereunder for easy This Web site is made available as a service to our clients and others for informational purposes only. These materials and information should not be considered as, or a substitute for, accounting, tax or financial advice. Alphabet Inc.’s provision for income taxes increased from 2018 to 2019 and from 2019 to 2020.
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