Nordstrom inc.report pls provide answer not use cloud Nordstrom Inc. reports a net income of $600 million for its fiscal yearended in January 2016. At the beginning of that fiscal year, Nordstromhad $9,245 million in total assets. By fiscal year ended January 2016,total assets had decreased to $7,698 million.What is Nordstrom's ROA?

To calculate Return on Assets (ROA), the formula is: ROA =…

Answered: Nordstrom Inc. reports a net income of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Nordstrom Inc. reports a net income of $600 million for its fiscal year ended in January 2016. At the beginning of that fiscal year, Nordstrom had $9,245 million in total assets. By fiscal year ended January 2016, total assets had decreased to $7,698 million. What is Nordstrom's ROA?