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The March 29, 2012, edition of the Woll Street Journoi Online contains an article by Miguel Bustillo entitled, Best Bury Forced to Rethink Big Box.
The March 29, 2012, edition of the Woll Street Journoi Online contains an article by Miguel Bustillo entitled, "Best Bury Forced to Rethink Big Box." The article explains how the 1,100 giant stores that enabled Best Buy to obtain its position as the largest retailer of electronics are now reducing the company's profitability and even threatening its survival. The problem is that many customers go to Best Buy stores to see items but then buy them for less from online retailers. As a result, Best Buy recently announced that it would close 50 stores and switch to smaller stores. However, some analysts think that these changes are not big enough. Suppose the following data were extracted from the 2027 and 2022 annual reports of Best Bury. (All amounts are in millions.) Using the data above, answer the following questions. (b) Compute the profit margin, asset tumover, and retum on assets for 2027 and 2022 . (Round all percentages to 1 decimal places, e.g. 15.1\% and asset turnover ratio to 2 decimal places, e.g. 15.21.)
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