Question: Computing Asset Ratios The following information is from Macy's Inc. $ millions Prior Fiscal Year Current Fiscal Year Net Year-End Assets Revenue Income $21,330 20,576

Computing Asset Ratios The following information is from Macy's Inc. $ millions Prior Fiscal Year Current Fiscal Year Net Year-End Assets Revenue Income $21,330 20,576 $27,079 $1,070 a. Compute the asset turnover ratio for the current fiscal year. b. Compute the return on assets ratio for the current fiscal year. Numerator a. Asset Turnover Ratio $ Numerator b. Return on Assets Ratio $ Denominator 0 / $ Denominator 0 / $ Result Result

The following information is from Macy's Inc. a. Compute the asset turnover ratio for the current fiscal year. b. Compute the return on assets ratio for the current fiscal year

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