Given the following information,determine if FanCo,a foreign corporation,is a CFC.
Patricia is Murray's daughter.
Definitions:
ROE
Return On Equity; a measure of a corporation's profitability that reveals how much profit a company generates with the money shareholders have invested.
Operating ROA
A financial ratio that measures the efficiency of a company's operation by dividing its operating income by its total assets.
Net Profit
The amount of income that remains after all expenses, taxes, and costs have been subtracted from total revenue; a key indicator of a company's profitability.
EBIT
Earnings Before Interest and Taxes, a measure of a firm's profit that includes all expenses except interest and income tax expenses.
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