Question
Walmart calculates and reports ROI, which is not a GAAP measure, in addition to ROA. The firm provides the formula it uses to calculate its
Walmart calculates and reports ROI, which is not a GAAP measure, in addition to ROA. The firm provides the formula it uses to calculate its ROI in its 10-K report. Examine the formula to try to make sense of what the firm tries to measure. Why do you think it makes sense for the firm to use ROI as well as ROA?
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A History Of Accountancy In The United States
Authors: Gary John Previts, Barbara Dubis Merino
98th Edition
0814207286, 978-0814207284
