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Computing Return on Assets and Applying the Accounting Equation Nordstrom Inc. reports net income of $600 million for its fiscal year ended January 2016. At
Computing Return on Assets and Applying the Accounting Equation
Nordstrom Inc. reports net income of $600 million for its fiscal year ended January 2016. At the beginning of that fiscal year, Nordstrom had $9,245 million in total assets. By fiscal year ended January 2016, total assets had decreased to $7,698 million.
What is Nordstrom's ROA?
Round answer to one decimal place (ex: 0.2345= 23.5%).
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