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?

Round answer to one decimal place (ex: 0.2345= 23.5%).

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