The following ratios were computed from the 2019 financial statements of Nordstrom and Macy's. Explain why Nordstrom
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The following ratios were computed from the 2019 financial statements of Nordstrom and Macy's. Explain why Nordstrom has a higher ROE and a higher ROA.
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Nordstrom Macy's ROE 60.9% 18.21% ROA 7.00% 5.71% Capital structure leverage 8.65 3.18 Profit margin 3.56% 4.30% Total asset turnover (times) 1.98 1.33
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Nordstrom has a higher ROE and a higher ROA than Macys due to a combination ...View the full answer
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