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Compute the return on assets ratio for fiscal year

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Reference no: EM133169542

Question - Computing Asset Ratios - The following information relates to Mazy's Inc.

$ millions

Total Assets

Revenue

Net Income

Fiscal Year 2015

$37,037

$48,742

$1,926

Fiscal Year 2014

31,995

Mazy's fiscal years for 2015 and 2014 end on January 30, 2016, and January 31, 2015, respectively.

Note: Carry all decimals in calculations; enter the answers rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425.

Required -

a. Compute the asset turnover ratio for fiscal year 2015.

b. Compute the return on assets ratio for fiscal year 2015.

Reference no: EM133169542

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