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 $22,492 S76.392 1,292 85,512 Cost of sales 8,406 16,69 54,823 488 138 49 156 Interest expense 720 135 Net income 1,233 1.728 1.932 2.925 Average receivables294 1.191 2,489 1,883 1,632 2.236 6,464 Average inventories .275 5.670 Average PP&E 2447 17,403 3,145 1.788 12.198 Average total assets 146329.919 8,910 10,744 36.332 Assume a statutory tax rate of 35% 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 Staples Kroger Walgreen ROA 8.4 X % 5.8 x % 8.1 % 1.3 % 5.3 % PM 3.5 % 0.4 % 1.6 % 3.6 1.5 2.1 V 2.8 2.1 b. Compute accounts receivable turnover (ART), nventory turnover (INVT) and property, plant and equipment turnover (PPET) for each company. (Round your answers to one decimal place.) Best Buy Kroger Walgreen ART 31.2 91.1 5.4 V 11.9 26.1 V 5.9 7.5 INVT 15.1 5.2 8.5 V 6.2 43 12.6 6.3 PPET 16.5 C. Compute the gross profit margin (GPM) for each company. (Round your answers to one decimal place.) Best Buy Kroger Staples Walgreen 22.4 % 21.2 % 37.8 % 25.8 % GPM