You Decide Essay
You are interning at a financial services firm and have been asked to evaluate the performance of two major department stores. The following information (in millions)is available for Wal-Mart and Nordstrom for the most recent fiscal periods available:
Wal-Mart
Nordstrom
Compute the (1)gross profit margin, (2)operating margin, (3)net profit margin, and (4)accounts receivable turnover for the two companies and indicate which company's performed better.
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