Assume Nordstrom Inc. reports net income of $901 million for its fiscal year ended January 2016....
Assume Nordstrom Inc. reports net income of $901 million for its fiscal year ended January 2016. At the beginning of that fiscal year, Nordstrom had $9,689 million in total assets. By fiscal year ended January 2016, total assets had decreased to $8,142 million.
What is Nordstrom's ROA?
Round answer to one decimal place (ex: 0.2345= 23.5%).
Homework Answers
Return on Assets (ROA) = Net income/Average Total assets
Average total assets = ($9689 + $8142)/2 = $17831/2 = $8915.50 million
ROA = $901/$8915.50 = 0.1010 = 10.1%
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Assume Nordstrom Inc. reports net income of $901 million for its
fiscal year ended January 2016....
Refer to the information below from Nordstrom Inc.’s 2016 financial statements. Use the information to answer...
Refer to the information below from Nordstrom Inc.’s 2016
financial statements. Use the information to answer the
requirements ($ millions).
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Refer to the information below from Nordstrom Inc.’s 2016 financial statements. Use the information to answer...
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Refer to the information below from Nordstrom Inc.’s 2016 financial statements. Use the information to answer...
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a. Compute the return on assets (ROA) for 2018 and 2017. Round answers to one decimal...
a. Compute the return on assets (ROA) for 2018 and 2017. Round
answers to one decimal place (ex: 0.2345 = 23.5%).
b. Compute the profit margin (PM) for 2018 and 2017.
Round answers to one decimal place (ex: 0.2345 = 23.5%).
c. Compute the asset turnover (AT) for 2018 and 2017.
Round answers to two decimal places.
d. Which component of ROA (profit margin or asset turnover or
both) drives the change in ROA in 2018?
e. Compute the return...
show work as necessary and please be neat 14. In 2016, Nordstrom, Inc. reported the following...
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14. In 2016, Nordstrom, Inc. reported the following (in millions): Current Assets Current Llabilities Long-term Liabilities $3,959 Equity $870 $3,242 $3.020 What amount did Nordstrom report as total assets? A) $ 4,616 million B) $ 3,950 million C) $ 7,307 million D) $13,170 million E) None of the above 15. In its fiscal 2016 annual report, Nike, Inc. reported cash of $3,138 million at year end. The statement of cash flows reports...
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Refer to the information below from Nordstrom Inc.’s 2016
financial statements. Use the information to answer the
requirements ($ millions).
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Nordstrom, Inc. Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) 2016 2015 2014 Net Sales $14,095 $13,110 $12,166 Credit card revenues 342 396 374 Total revenues 14,437 13,506 12,540 Cost of sales and related buying and occupancy costs (9,168) (8,406) (7.737) Selling, general and administrative expenses (4,168) (3,777) (3,453) Earnings before interest and income taxes 1,101 1,323 1,350 Interest expense, net (125) (138) (161) Earnings before income taxes 976 1,185 1,189 Income tax expense (376) (465) (455) Net...
a. Compute the return on assets (ROA) for 2018 and 2017. Round
answers to one decimal place (ex: 0.2345 = 23.5%).
b. Compute the profit margin (PM) for 2018 and 2017.
Round answers to one decimal place (ex: 0.2345 = 23.5%).
c. Compute the asset turnover (AT) for 2018 and 2017.
Round answers to two decimal places.
d. Which component of ROA (profit margin or asset turnover or
both) drives the change in ROA in 2018?
e. Compute the return...
show work as necessary and please be neat
14. In 2016, Nordstrom, Inc. reported the following (in millions): Current Assets Current Llabilities Long-term Liabilities $3,959 Equity $870 $3,242 $3.020 What amount did Nordstrom report as total assets? A) $ 4,616 million B) $ 3,950 million C) $ 7,307 million D) $13,170 million E) None of the above 15. In its fiscal 2016 annual report, Nike, Inc. reported cash of $3,138 million at year end. The statement of cash flows reports...
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