Question: Computing Return on Assets and Applying the Accounting Equation Nordstrom Inc. reports net income of $600 million for its fiscal year ended January 2016. At

Computing Return on Assets and Applying the Accounting Equation Nordstrom Inc. reports net income of $600 million for its fiscal year ended January 2016. At the beginning of that fiscal year, Nordstrom had $9,245 million in total assets. By fiscal year ended January 2016, total assets had decreased to $7,698 million. What is Nordstrom’s ROA?

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