WEB OLC EXERCISE Go to the strategic profit model (SPM) on the student side of the book’s website.

The SPM tutorial was designed to provide a refresher course on the basic financial ratios leading to return on assets and walks you through the process step-by-step. A calculation page is also included that will calculate all the ratios. You can type in the numbers from a firm’s balance sheet and income statement to see the financial results produced with the current financial figures. You can also access an Excel spreadsheet for SPM calculations. The calculation page or the Excel spreadsheet can be used for Case 11,

“Tiffany’s and TJX: Comparing Financial Performance,”

page 563.