Bed Bath and Beyond, Inc., is a major retailer of bed and bath products. During two recent fiscal years, the company reported the following information from the income statement (in millions):

In addition, the balance sheet revealed the following information (in millions):

a. Determine the profit margin for fiscal years ending February 26, 2005, and February 28,
2004. Round to two decimal places.
b. Determine the asset turnover for fiscal years ending February 26, 2005, and February 28,
2004. Round to two decimal places.
c. Use the DuPont formula to determine the rate earned on total assets from (a) and (b).
d. Interpret the change in the rate earned on total assets between the two fiscalperiods.

For the Year Ended Feb. 26, 2005 $5,147.7 Feb. 28, 2004 $4,478.0 Sales Net income 505.0 399.5 Feb. 26, 2005 $3,200.0 996.2 2,203.8 Feb. 28, 2004 $2,865.0 874.2 1,990.8 Mar. 1, 2003 Total assets Total liabilities Total stockholders' equity $2,188.8 736.9 1,451.9