Computing Return on Assets and Applying the Accounting Equation Nordstrom Inc. reports net income of $ 6

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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 %) .

Related Book For answer-question

Intermediate Accounting Reporting and Analysis

ISBN: 978-1285453828

2nd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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Posted Date: Mar 16, 2024 08:51 AM

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Computing Return on Assets and Applying the Accounting Equation Nordstrom Inc. reports net income of $ 6

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Intermediate Accounting Reporting and Analysis

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