Question
1. Return on Assets(ROA) Component 2015 2014 Profitability (Net income/Sales) 9.20% 13.30% Productivity (Sales/Average assets)1.41% 1.32% Compute the company's ROA for 2015. Round answer to
1.
Return on Assets(ROA) Component 2015 2014
Profitability (Net income/Sales) 9.20% 13.30%
Productivity (Sales/Average assets)1.41% 1.32%
Compute the company's ROA for 2015.
Round answer to one decimal place (ex: 0.2345 = 23.5%).
2.Computing Return on Assets and Applying the Accounting Equation
Assume Nordstrom Inc. reports net income of $567 million for its fiscal year ended January 2016. At the beginning of that fiscal year, Nordstrom had $9,134 million in total assets. By fiscal year ended January 2016, total assets had decreased to $7,587 million.
What is Nordstrom's ROA?
Round answer to one decimal place (ex: 0.2345= 23.5%).
3. Computing Return on Equity
Starbucks reports net income for 2015 of $2,558.4 million. Its stockholders' equity is $5,716 million and $6,262 million for 2014 and 2015, respectively.
a. Compute its return on equity for 2015.
Round answer to one decimal place (ex: 0.2345 = 23.5%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started