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Compute return on equity (ROE) for 2009, when Net Income is $401. (Round your answers to two decimal places. Do not round until your final
Compute return on equity (ROE) for 2009, when Net Income is $401. (Round your answers to two decimal places. Do not round until your final answer.)
(S millions) January 31, 2009 February 2, 2008 Assets Current Assets Cash and cash equivalents Accounts receivable, net Merchandise inventories Current deferred tax assets, net Prepaid expenses and o Total current assets Land, buildings and equipment, net Goodwill Other assets Total assets Liabilities and Shareholders' Equity Current liabilities Accounts payable Accrued salaries, wages and related benefits Other current liabilities $72 1,942 900 210 93 3,217 2,221 53 170 5,661 $ 358 1,788 956 181 78 3,361 1,983 53 203 $5,600 ther Current portion of long-term debt Total current liabilities Long-term debt, net Deferred property incentives, net Other liabilities $ 563 214 525 299 1,601 2,214 435 201 $ 556 268 550 261 1,635 2,236 369 245Step by Step Solution
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