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  • Loblaws One of The Nation S Largest Grocery Retailers Reported The

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    Muhammad Shahid
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    Loblaws, one of Canada's largest grocery retailers, reported fiscal year 2017 financial information, including net sales of $48.8 billion and net earnings of $2 billion, up from $47.2 billion and $1.773 billion respectively in fiscal year 2016. Return on assets improved from 5.4% in 2016 to 5.9% in 2017, likely due to higher sales and earnings growth outpacing asset growth.

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    Loblaws, one of Canada's largest grocery retailers, reported fiscal year 2017 financial information, including net sales of $48.8 billion and net earnings of $2 billion, up from $47.2 billion and $1.773 billion respectively in fiscal year 2016. Return on assets improved from 5.4% in 2016 to 5.9% in 2017, likely due to higher sales and earnings growth outpacing asset growth.

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    5 views1 page

    Loblaws One of The Nation S Largest Grocery Retailers Reported The

    Uploaded by

    Muhammad Shahid
    Loblaws, one of Canada's largest grocery retailers, reported fiscal year 2017 financial information, including net sales of $48.8 billion and net earnings of $2 billion, up from $47.2 billion and $1.773 billion respectively in fiscal year 2016. Return on assets improved from 5.4% in 2016 to 5.9% in 2017, likely due to higher sales and earnings growth outpacing asset growth.

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    © All Rights Reserved
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    of 1

    Loblaws one of the nation s largest grocery retailers

    reported the #6664


    Loblaws one of the nation s largest grocery retailers reported the

    Loblaws, one of the nation's largest grocery retailers, reported the following information
    (adapted) for its fiscal year ended January 31, 2017.

    _____________________________ January 31, 2017 __________January 31, 2016

    Net sales ................................................. $48,815 ............................. $47,220

    Net earnings ............................................ $ 2,000 ................................... $ 1,773

    Interest expense .......................................... $ 10 ......................................... $ 10

    Average total assets .............................. $33,699 .................................... $33,005

    Requirements

    1. Compute return on assets for the years ended January 31, 2016 and 2017.

    2. Did return on assets improve or deteriorate? What are some possible causes for this change?

    Loblaws one of the nation s largest grocery retailers reported the

    ANSWER
    http://paperinstant.com/downloads/loblaws-one-of-the-nation-s-largest-grocery-retailers-
    reported-the/

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