QUESTION 7 Partially correct Mark 7.14 out of 10.00 Flag question Edit question Comparing Profitability and Turnover Ratios for Retail Companies Selected financial statement data for Best Buy Co., Inc., The Kroger Co., Nordstrom, Inc., Staples, Inc., and Walgreen Co. is presented in the following table: (S millions) Bst Buy Kroger Nordstrom Staples Walgreen Sales revenue 40.339 $108,465 13.506 S22,492 $76.392 1,292 85.512 Cost of sales 8406 16.691 54.823 133 156 90 488 Interest expense 1,2331.728 720 135 1.932 Net income 2439 1883 2.925 Average reciabes 294 1.191 632 2236 6.46 Average inventories 5.275 5.670 Average PP&E 2447 17,403 3.145 1.788 2.198 Average total assets 4.635 29.919 8.910 10.74436.332 Assume a statutory tax rate of 356 for all companies. Required a. Compute return on assets (ROA) profit margin, (PM) and asset turnover (AT) for each company. (Round your answers to one decimal place.) Best Buy Kroger Staples Nordstrom Walgreen ROA 8.4 % 5.8 x 9 8.1 % 1.3 X % 53 % PM 3.1 96 1.6 x 96 5.3 x % 2.5 X % AT 3.6 1.5 2.1 2.1 28 b. Compute accounts receivable turnover (ART), inventory turnover (INVT) and property, plant and equipment turnover (PPET) for each company. (Round your answers to one decimal place.) Best Buy Walgreen Kroger Nordstrom Staples 91.1 11.9 ART 31.2 5.4 V 26.1 5.9 15.1 7.5 8.5 INVT 5.2 PPET 6.5 6.2 43 2.6 6.3 c. Compute the gross profit margin (GPM) for each company. (Round your answers to one decimal place.) Best Buy Staples Kroger Nordstrom Walgreen GPM 21.2 % 378 6 25.8 % 28.2 224