TABLE 2-17 the Following Table Presents Total Retail Sales in Millions of Millions

question 176

Short Answer

TABLE 2-17
The following table presents total retail sales in millions of dollars for the leading apparel companies during April 2009 and April 2010.

-Referring to Table 2-17, among the 8 stores, ________ saw a sales decline.

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Definitions:

Retained Earnings

The portion of net earnings kept by the company instead of being paid out to its shareholders in the form of dividends.

Equity

The value of ownership interest in a firm, calculated as the difference between assets and liabilities on a company’s balance sheet.

Dividends

Payments made by a corporation to its shareholders, often derived from profits, on a per-share basis.

Return on Assets

A financial ratio that measures the net income produced by total assets during a period by comparing net income to the average total assets.