Nexen Inc. reported the following selected information for the last five years (in millions, except earnings per share): Instructions (a) Calculate Nexen s profit margin, return on assets, and return on common shareholders equity (for this calculation, note that the company has no preferred shares) before and after discontinued operations for each of the last five years. (b) Evaluate Nexen s profitability over the last five years before and after discontinued operations. (c) Which analysis-before or after discontinued operations-is more relevant to investors? Explain.

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