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?
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
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What is Nordstroms 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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