Nordstrom, Inc., reports net income of ($ 735) million for its fiscal year ended February 2013. At
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Nordstrom, Inc., reports net income of ($ 735) million for its fiscal year ended February 2013. At the beginning of that fiscal year, Nordstrom had $8,491 million in total assets. By fiscal year-end 2013, total assets had decreased to \(\$ 8,089\) million. What is Nordstrom's return on assets (ROA)?
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To calculate Nordstroms return on assets ROA you can use the formula ROA fracNet IncomeAverage Tot...View the full answer
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Related Book For 
Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
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