This exercise is built around Whole Foods Markets financial statements from the chapter. Average common...
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Accounting
This exercise is built around Whole Foods Markets financial statements from the chapter. Average common shareholders equity for 2012 was $3.397 billion, and a 40% income tax rate should be used as needed. Refer to Exhibits 5.1 and 5.6 from the chapter. Required: Whole Foods earned an ROA of 9.7% in 2012. What was ROCE that year? (Round your answer to 1 decimal place.) ROA at the company fell to 9.4% in 2015. What was ROCE that year? (Round your answer to 1 decimal place.) Did financial leverage help or hurt Whole Foods Market in 2015?
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