Selected financial statement data for Best Buy Co., Inc., The Kroger Co .. Nordstrom, Inc., Office Depot, Inc., and Walgreens Boots Alliance, Inc. is presented in the following table:

REQUIRED

a. Compute return on assets (ROA), profit margin (PM), and asset turnover (AT) for each company. Assume an income tax rate of 25%. Discuss the relative importance of PM and AT for each company.

b. Compute accounts receivable turnover (ART), inventory turnover (INVT) and property, plant, and equipment turnover (PPET) for each company. Discuss any difference that you observe.

c. Compute the gross profit margin (GPM) for each company. How does the GPM differ across companies? Does this difference seem to correlate with differences in ART or INVT? Explain.

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Office ($ millions) Best Buy Kroger Nordstrom Depot Walgreens Boots Sales revenue... Cost of sales... Interest expense.... Net income.. Average receivables... Average inventories... Average PP&E.... Average total assets... $42,151.0 32,275.0 75.0 $15,478.0 9,890.0 $122,662.0 $10,240.0 $131.537.0 ...... 95.662.0 7,779.0 100,745.0 601.0 168.0 62.0 622.0 ... 5,031.0 6,550.5 9,232.0 1.000.0 1,889.0 437.0 181.0 1,198.0 5.036.5 1,643.0 172.0 809.0 6,547.0 1,961.5 1,186.0 663.0 2,357.0 13,452.5 21,043.5 36.851.0 3,918.0 15,974.0 13,776.5 67,066.5 5,931.5