Gome wwwgomecomhk is the leading chain retailer of consumer electronic
GOME (www.GOME.com.hk) is the leading chain retailer of consumer electronic products and household appliances in China, and it competes to some extent with both Best Buy and RadioShack. Key financial figures for GOME follow.
Key Figure* Renminbi (RMB) in Thousands
Average assets . . . . . . . . . 28,666,299
Net income . . . . . . . . . . . . 1,048,160
Revenues . . . . . . . . . . . . . . 45,889,257
Return on assets . . . . . . . 3.7%
Required
1. Identify any concerns you have in comparing GOME’s income and revenue figures to those of Best Buy and RadioShack (in BTN 1-2) for purposes of making business decisions.
2. Identify any concerns you have in comparing GOME’s return on assets ratio to those of Best Buy and RadioShack (computed for BTN 1-2) for purposes of making business decisions.
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