-Calculate return on assets (ROA) for each company and decompose ROA into profitability and productivity measures.

-Calculate RNOA and decompose into net operating profit margin and operating asset turnover

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions

Income Statement [Abstract]

Net sales $ 19,095

Cost of merchandise sold 12,176

Gross margin 6,919

Operating expenses:

Selling, general and administrative 4,512

Depreciation and amortization 991

Impairments, store closing and other costs

Operating income 1,416

Interest expense, net 299

Loss on extinguishment of debt

Income before income taxes 1,117

Provision for income taxes 258

Net income $ 859

Net income per share:

Basic $ 5.14

Diluted $ 5.12

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions

Current assets:

Cash and cash equivalents $ 1,308

Merchandise inventories 3,542

Other 481

Total current assets 5,331

Property and equipment, net 7,773

Other assets 236

Total assets 13,340

Current liabilities:

Accounts payable 1,271

Accrued liabilities 1,155

Income taxes payable 99

Current portion of capital lease and financing obligations 126

Total current liabilities 2,651

Long-term debt 2,797

Capital lease and financing obligations 1,591

Deferred income taxes 213

Other long-term liabilities 662

Shareholders' equity:

Common stock - 373 and 371 million shares issued 4

Paid-in capital 3,078

Treasury stock, at cost, 205 and 197 million shares (10,651)

Accumulated other comprehensive loss (11)

Retained earnings 13,006

Total shareholders' equity 5,426

Total liabilities and shareholders' equity $ 13,340