Question
E5-17 Analyzing and Interpreting Return on Assets LO5-4 Tiffany & Co. is one of the world?s premier jewelers and a designer of other fine gifts
E5-17 Analyzing and Interpreting Return on Assets LO5-4
| Tiffany & Co. is one of the world?s premier jewelers and a designer of other fine gifts and housewares. Presented here are selected income statement and balance sheet amounts (dollars in thousands). |
| Current Year | Prior Year | |||
| Net sales | $ | 3,643,492 | $ | 3,085,845 |
| Net income | 489,745 | 388,958 | ||
| Average shareholders' equity | 2,263,745 | 2,030,912 | ||
| Average total assets | 3,947,836 | 3,612,570 |
| Required: |
| 1. | Compute ROA for the current and prior years. (Round your answers to 3 decimal places.) |
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Stats Data And Models
Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock
4th Edition
321986490, 978-0321989970, 032198997X, 978-0321986498
