Question

Compute the firms return on assets for the most recent fiscal year

Peer Group Average Ratios Liquidity Current Quick Cash Ratio 1/31/2019 1/31/2018 6,5036 ,423 4.292 4,200 2,223 1,718 1.718 226 234 268 271 2.503 1.619 1238 Dillard's, Inc. Income Statement Sales Cost Of Goods Gross Profit Selling & Admin Expenses Depreciation Earnings Before Interest & Taxes Non-Operating Income Interest Expense Pretax income Income Taxes Investment Gains/Losses Net Income 2.212 53 208 213 Leverage Total Debt LTD Ratio Debt-Equity Equity Multiplier Times Interest Earned Cash Coverage 0.529 0.309 1.092 4.059 17.4 26.95 38 170 222 1/31/2019 1/31/2018 124 50 1,528 187 40 1,464 Asset Management Inventory Turnover Days' Sales in Inventory Receivables Turnover Days' Sales in Receivables Asset Turnover 4.362 89.11 58.74 11.66 1.636 69 1,771 1,730 1,696 1,587 247 3,673 3.431 Profitability Profit Margin EBIT Margin Return on Assets Return on Equity 0.05 0.068 0.082 0.2971 921 o 836 161 43 Balance Sheet Assets Cash & Equivalents Receivables Inventories Other Current Assets Total Current Assets Net Property & Equipment Other Non-Current Assets Total Assets Liabilities Accounts Payable Current Portion Long-Term Debt Other Current Liabilities Total Current Liabilities Long-Term Debt Other Non-Current Liabilities Total Liabilities Shareholders Equity Common Stock (Par) Capital Surplus Retained Earnings Other Equity Treasury Stock Total Shareholder's Equity Total Liabilities & Equity 1,040 565 934 566 254 1,753 360 1,965 949 4,458 -13 3,717 1,678 3,431 946 4,365 -15 3,589 1,708 3,673 Other Data Capital Expenditures 135 All financial statement items in millions of dollars

Answer 1

Return on Assets(2019) = Net Income / Total Assets

= 170 / 3,431 = 0.0495, or 4.95%