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ACT5725 Assume Nordstrom Inc. reports net income of $567 million for its fiscal year ended January 2016. At the beginning of that fiscal year, Nordstrom
ACT5725
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%).
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