Selected balance sheet and income statement information from Macy's Inc. follows ($ millions). 2013 2013 Net Company
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Selected balance sheet and income statement information from Macy's Inc. follows (\$ millions).
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2013 2013 Net Company Ticker Sales Income Macy's.... M $27,686 $1,335 2013 Net Operating Profit After Tax $1,687 2013 Net 2012 Net 2013 2012 Operating Operating Stockholders' Stockholders' Assets $11,145 $10,864 Assets Equity Equity $6,051 $5,933 a. Compute the 2013 return on equity (ROE) and 2013 return on net operating assets (RNOA). b. Disaggregate RNOA into net operating profit margin (NOPM) and net operating asset turnover (NOAT). What observations can we make about Macy's NOPM and NOAT? c. Compute the percentage of RNOA to ROE, and compute Macy's nonoperating return for 2013.
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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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