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Assume Nordstrom Inc. reports a net income of $567 million for its fiscal year ended January 2016. At the beginning of that fiscal year, Nordstrom had $9,134 million in total assets. By the fiscal year that ended in January 2016, total assets had decreased to $7,587 million. What is Nordstrom's ROA?

Assume Nordstrom Inc. reports a net income of $567 million for its fiscal year ended January 2016. At the beginning of that fiscal year, Nordstrom had $9,134 million in total assets. By the fiscal year that ended in January 2016, total assets had decreased to $7,587 million. What is Nordstrom's ROA?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 1P
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What is Nordstroms ROA ?? Accounting

Assume Nordstrom Inc. reports a net income of $567 million for its fiscal year ended January 2016. At the beginning of that fiscal year, Nordstrom had $9,134 million in total assets. By the fiscal year that ended in January 2016, total assets had decreased to $7,587 million. What is Nordstrom's ROA?
Transcribed Image Text:Assume Nordstrom Inc. reports a net income of $567 million for its fiscal year ended January 2016. At the beginning of that fiscal year, Nordstrom had $9,134 million in total assets. By the fiscal year that ended in January 2016, total assets had decreased to $7,587 million. What is Nordstrom's ROA?
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