Exhibit $7$

WHOLE FOODS MARKET

Deutsche Bank Model $($millions of USD, except per share figures$)$ I attached an exhbit for this case. Here is the question: Examine Exhibit $7$ in detail. How important are each of the underlying financial

assumptions in the ROA forecast? What assumptions $($i$.$e$.,$ margins, asset turnover, growth$)$ play the biggest role in driving the anticipated improvements in ROA? Here is some directions that help: On Question $5,$ you are focusing on Exhibit $7$ to look for the components affecting the ROA for Whole Foods. According to the DuPont analysis, ROA $(=$ Net Income $/$ Assets$)=$ Net income $/$ Sales $($ or Profit margin$)$ X Sales $/$ Assets $($ or$,$ asset turnover$)$ Use exhibit $7$ data and the DuPont analysis, to obtain values of ROA $(2011-2013)$ and estimated ROAs for $2014$ and $2015.$ You can also try to use external websites to obtain the actual $2014$ and $2015$ component ratios and the ROA for Whole Foods, and compare with your estimated ROAs for $2014$ and $2015.$ The main point of this question is to identify which factors $($ e$.$g$.$ Profit margin or Asset Turnover$)$ have a larger effect on the ROA values for Whole Foods. You could also analyze how expense control, sales growth, etc. could in turn affect the Profit margin and Asset turnovers for the company.