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Selected financial statement data for Best Buy Co., Inc., The Kroger Co., Nordstrom, Inc., Office Depot, Inc., and Walgreens Boots Alliance, Inc. is pre ($
Selected financial statement data for Best Buy Co., Inc., The Kroger Co., Nordstrom, Inc., Office Depot, Inc., and Walgreens Boots Alliance, Inc. is pre ($ millions) Best Buy Kroger Nordstrom Office Depot Walgreens Sales revenue $42,151.0 $122,662.0 $15,478.0 $10,240.0 $131,537.0 Cost of sales 32,275.0 95,662.0 9,890.0 7,779.0 100,745.0 Interest expense 75.0 601.0 168.0 62.0 622.0 Net income 1,000.0 1,889.0 437.0 181.0 5,031.0 Average receivables 1,198.0 1,643.0 172.0 809.0 6,550.5 Average inventories 5,036.5 6,547.0 1,961.5 1,186.0 9,232.0 Average PP&E 2,357.0 21,043.5 3,918.0 663.0 13,776.5 Average total assets 13,452.5 36,851.0 15,974.0 5,931.5 67,066.5 Note: Assume a statutory tax rate of 25% for all companies. Required a. Compute return on assets (ROA) profit margin, (PM) and asset turnover (AT) for each company. Assume an income tax rate of 25%. Round your answers to one decimal place. Best Buy Kroger Nordstrom Office Depot Walgreen ROA 7.9 % 6.3% 3.5 % 3.8% 8.2 % PM 2.4 x % 1.3 x % 1.1 x % 7.9 x % 3.8 X % AT 3.1 3.3 1 1.7 2 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 Kroger Nordstrom Office Depot Walgreen ART 35.2 74.7 90 12.7 20.1 INVT 6.4 14.6 5 6.6 10.9 PPET 17.9 5.8 4 15.4 9.5
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