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Kelsey, Inc., one of the nation's largest grocery retailers, reported the following information (adapted) for its fiscal year ended January 31, 2017 EEB (Click the
Kelsey, Inc., one of the nation's largest grocery retailers, reported the following information (adapted) for its fiscal year ended January 31, 2017 EEB (Click the icon to view the data.) Requirements 1. Compute return on assets for the year ended January 31, 2016, and 2017 2. Did return on assets improve or deteriorate? What are some possible causes for this change? Requirement 1. Compute return on assets for the year ended January 31, 2016, and 2017 Begin by identifying the formula to calculate return on assets. Then compute the return on assets for the year ended January 31, 2016, and 2017. (Round your answer to two decimal places.) -Return on assets (ROA) 2016 ( 2017 ( Requirement 2. Did return on assets improve or deteriorate? The return on assets What are some possible causes for this change? Vincreased slightly higher than the increase in .It may be a result of sales or V expenses or both. Data Table January 31, January 31, 2017 2016 Net sales 53,000 S 2,450 S 10 S 45,000 S 51,350 2,200 10 44,400 Net earnings Interest expense Average total assets PrintDone the next
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