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Accounting Question here. Need help filling it out properly. Thank you for your time! Comparing Profitability and Turnover Ratios for Retail Companies Selected financial statement
Accounting Question here. Need help filling it out properly. Thank you for your time!
Comparing Profitability and Turnover Ratios for Retail Companies Selected financial statement data for aest Buy Co., Inc., The Kroger Co., Nordstrom, Inc., Staples, Inc., and Walgreen Co. is presented in the following table: (S millions) Sales revenue Cost of sales Interest expense Net income Average receivables Average inventories Average PP&E Average total assets Best Buy ss4,70s 38,413 2,318 5,914 3,647 16,927 Kroger Nordstrom Staples Walgreen $94,374 71,794 5,140 14,306 23,491 $14,877 6,892 2,030 1,163 2,394 7,977 529,022 1 8,580 1,124 2,002 2,496 2,114 13,671 576,184 51,992 z 964 7,811 11,355 29,865 Note: Assume a statutory tax rate of 35% for all companies. Required a. Compute return on assets (ROA), profit margin (2M) and asset turnover (AT) for each company. Assume a statutory tax rate of 35%. Round your answers to one decimal place. Best Buy ROA Kroger Nordstrom Stap Ies Walgreen b. Compute accounts receivable turnover (ART), inventory turnover (INVT) and property, plant and equipment turnover (PPET) for each company. Round your answers to one decimal place. Best Buy Kroger Nordstrom Staples INVT Walgreen c. Compute the gross profit margin (GPM) for each company. Round your answers to one decimal place. Best Buy Kroger Nordstrom Staples GPM Walgreen
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