The following information was taken from the 2019 financial statements of Nordstrom and Macy's. Using this information,
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The following information was taken from the 2019 financial statements of Nordstrom and Macy's. Using this information, compute the following ratios for 2019: ROE, ROA, capital structure leverage, profit margin, total asset turnover (dollars in millions).
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Nordstrom Macy's 2019 2018 2019 2018 Net income $ 564 $ 437 $ 1,108 $ 1,566 Shareholders' equity 873 977 6,436 5,733 Total assets 7,886 8,115 19,194 19,583 Sales 15,860 15,478 25,739 25,641
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To compute the requested ratios we use the following formulas Return on Equity ROE Net Income Shareh...View the full answer
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