The TXJ Companies, Inc., which operates the T.J. Marx, Mitchells, and Good Home chains, is the...

  

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The TXJ Companies, Inc., which operates the T.J. Marx, Mitchells, and Good Home chains, is the leading off-price apparel and home fashions retailer in the U.S. and worldwide. Presented here are selected recent income statement and balance sheet amounts (dollars in thousands). Net sales Net income Average shareholders' equity Average total assets Current Year $33,283,760 Prior Year $31,044,960 2,398,250 2,377,670 4,508,850 4,385,670 12,287,140 11,339,610 Required: 1. Compute ROA for the current and prior years. (Round your answers to 3 decimal places.) 2. Compute the profit margin for both years and Asset Turnover for both years. (Round your answers to 4 decimal places.) 1. ROA 2. Profit Margin Asset Turnover Current Year Prior Year The TXJ Companies, Inc., which operates the T.J. Marx, Mitchells, and Good Home chains, is the leading off-price apparel and home fashions retailer in the U.S. and worldwide. Presented here are selected recent income statement and balance sheet amounts (dollars in thousands). Net sales Net income Average shareholders' equity Average total assets Current Year $33,283,760 Prior Year $31,044,960 2,398,250 2,377,670 4,508,850 4,385,670 12,287,140 11,339,610 Required: 1. Compute ROA for the current and prior years. (Round your answers to 3 decimal places.) 2. Compute the profit margin for both years and Asset Turnover for both years. (Round your answers to 4 decimal places.) 1. ROA 2. Profit Margin Asset Turnover Current Year Prior Year

Answer rating: 100% (QA)

Answer To compute the Return on Assets ROA Profit Margin and Asset Turnover we can use the ... View the full answer