Following are summary financial statement data for Nordstrom, Inc., for 2011 through 2013. Required a. Compute return

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Following are summary financial statement data for Nordstrom, Inc., for 2011 through 2013. image text in transcribed

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a. Compute return on assets and return on equity for each year 2012 and 2013 (use average assets and average equity), together with the components of ROA (profit margin and asset turnover). What trends, if any, do we observe?

b. Which component, if any, appears to be driving the change in ROA over this time period?

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Financial And Managerial Accounting For MBAs

ISBN: 9781618533593

6th Edition

Authors: Peter D. Easton

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Question Posted: Mar 03, 2024 06:01 AM

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Following are summary financial statement data for Nordstrom, Inc., for 2011 through 2013. Required a. Compute return

Question:

($ millions) Sales.... Net income. Total assets. Equity.. 2013 $11,762 735 8,089 1,913 2012 $10,497 683 8,491 1,956 2011 $9,310 613 7,462 2,021

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Financial And Managerial Accounting For MBAs

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