Kohl's Corporation operates family oriented department stores that sell moderately priced apparel and house-wares. The company reported the following information (adapted) for the three years ending January 31, 2017:

Requirements
1. Compute the return on assets for Kohl's for the years ended January 31, 2017, and January 31, 2016.
2. What factors contributed to the change in return on assets during the year?

Transcribed Image Text:

Kohl's Corporation Income Statement (Adapted) Jan. 31Jan. 31 Jan. 31 2016 2 2017 2015 3 Net sales 4 Cost of merchandise sold 5 Selling, general, and administrative 6 Operating income 7 | Other revenue (expense) 18,391 17,178 16,389 10,334 4,519 1,536 11,359 5,118 1,914 (132) 1,782 (668) 10,680 4,786 1,712 (124) 1,588 (597) 8 Income before tax 9 Provision for income tax 10 Net income 1,425 (540) $ 885 $ 1,114 S 991 Kohl's Corporati Partial Balance Sheet on an. 3Jan. 31 Jan. 31, 2 2017 2016 2015 3 Total current assets $ 5,645 5,485 336 7,018 321 3,728 4 Long-term i 5 Property, plant, and equipment 6 Other assets 7 Total assets 6,984 318 13,564 $13,16011,363 386 7,256 277