The following table provides ROA and ROCE for Best Buy, a retailer of consumer electronics. Required: 1.
Question:
The following table provides ROA and ROCE for Best Buy, a retailer of consumer electronics.
Required:
1. How did Best Buy's performance change over the period shown?
2. What is the most likely reason the change in ROCE was so much greater than the change in ROA?
Transcribed Image Text:
Best Buy Year Ended February 1, 2014 0.038 0.136 February 2, 2013 ROA ROCE (0.022) (0.104) January 31, 2015 0.088 0.275
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Related Book For
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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