None Assume Nordstrom Inc. reports a net income of $567million for its fiscal year ended January 2016. At thebeginning of that fiscal year, Nordstrom had $9,134million in total assets. By the fiscal year that ended inJanuary 2016, total assets had decreased to $7,587 million.What is Nordstrom's ROA?

Step 1: Define Return on Assets (ROA)Profitability ratios are financial ratios used to get an idea…

Answered: Assume Nordstrom Inc. reports a net…

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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Swifty Incorporated had average total assets in 2025 of $6343000. It reported sales for of $8209000 that year. Average liabilities for the year were $5187000. Net income for the year was $964136. What is Swifty' return on assets for 2025? O 15.20% 18.59% O 11.74% 6.60%
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Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average liabilities for the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025? O 15.10 % O 18.43% O 6.52% O 11.66%
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