Kohl Corporation operates family-oriented department stores that sell moderately priced apparel and housewares. The company reported the following information (adapted) for the three years ending February 3, 2013:

Requirements
1. Compute net profit margin ratio for Kohl Corporation for the years ended February 2, 2013, and January 28, 2012.
2. Compute asset turnover for Kohl Corporation for the years ended February 2, 2013, and January 28, 2012.
3. Compute return on assets for Kohl Corporation for the years ended February 2, 2013, and January 28, 2012.
4. What factors contributed to the change in return on assets during theyear?

Transcribed Image Text:

A1 Kohl Corporation Consolidated Statements of Operations (Adapted) In millions of USD For the year ended Total net revenue Cost of sales Selling, general and administrative expenses Net income from operations Other revenue (expensel Feb. 2 2013 Jan. 28 2012 Jan. 29 2011 18 391 11,359 5,118 1914 19,279 $ 18,804 11,625 ,021 2158 12,289 5,100 1,890 9 Net income before income taxes 1561 1,859 Income tax expense Net income 1,782 668 .114 15756921 A1 Kohl Corporation Partlal Balance Sheet (Condensed) in millions of USD Total current assets Property,plant and equipment, net Other assets Feb. 2 2013 lan. 28 2012 Jan. 29 2011 s 4,719, 8,872 314 4829 $54 8,905 414 5,645 7,256 663 6 Total assets 13,905 S148 13,564