"Toys 4 U" is a retail toy store that has branched out into selling clothes and products for children an babies. The following are selected figures from their income statement and statement of financial position (in millions):
Compute the following ratios for 2012, 2011 and 2010:
(5) Write a short essay explaining what has happened to the return on equity for "Toys 4 U" and discuss the causes of changes in the ratio for the three years.

Question

"Toys 4 U" is a retail toy store that has branched out into selling clothes and products for children an babies. The following are selected figures from their income statement and statement of financial position (in millions):
  Compute the following ratios for 2012, 2011 and 2010:
  (5) Write a short essay explaining what has happened to the return on equity for "Toys 4 U" and discuss the causes of changes in the ratio for the three years.

Quizplus · Accepted Answer

The Answer of "Toys 4 U" is a retail toy store that has branched out into selling clothes and products for children an babies. The following are selected figures from their income statement and statement of financial position (in millions):
  Compute the following ratios for 2012, 2011 and 2010:
  (5) Write a short essay explaining what has happened to the return on equity for "Toys 4 U" and discuss the causes of changes in the ratio for the three years.

"Toys 4 U" Is a Retail Toy Store That Has