Computing Return on Assets and Applying the Accounting Equation Nordstrom Inc. reports net income of $600 million
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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?
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Related Book For 
Financial Statement Analysis And Valuation
ISBN: 9781618532336
5th Edition
Authors: Peter D. Easton, Mary Lea McAnally, Gregory A. Sommers
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