Compute RNOA, Net Operating Profit Margin, and NOA Turnover for Competitors

Selected balance sheet and income statement information for the fiscal year ended February 2, 2019, for Abercrombie & Fitch Co. and TJX Companies Inc., clothing retailers in the highend and valuepriced segments, respectively, follows.

				Current	Prior
				Year Net	Year Net
				Operating	Operating
Company ($ millions)	Ticker	Sales	NOPAT	Assets	Assets
Abercrombie & Fitch	ANF	$3,770.1	$267.4	$972.3	$1,057.3
TJX Companies	TJX	$39,152.9	$3,246.7	$4,432.0	$4,294.3

Compute the following ratios for both companies for the fiscal year ended February 2, 2019.

a. Return on net operating assets (RNOA)

Note: 1. Select the appropriate numerator and denominator used to compute RNOA from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute RNOA.

	Company	Numerator	Denominator	RNOA
		Select One: Average assetsAverage equityAverage NOANet incomeNOPATNOPBTRevenueTax expenseTax on operating profitTax shield	Select One: Average assetsAverage equityAverage NOANet incomeNOPATNOPBTRevenueTax expenseTax on operating profitTax shield
	Abercrombie & Fitch	Answer	Answer	%
	TJX Companies	Answer	Answer	%

b. Net operating profit margin (NOPM)

Note: 1. Select the appropriate numerator and denominator used to compute NOPM from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute NOPM.

	Company	Numerator	Denominator	NOPM
		Select One: Average assetsAverage equityAverage NOANet incomeNOPATNOPBTRevenueTax expenseTax on operating profitTax shield	Select One: Average assetsAverage equityAverage NOANet incomeNOPATNOPBTRevenueTax expenseTax on operating profitTax shield
	Abercrombie & Fitch	Answer	Answer	%
	TJX Companies	Answer	Answer	%

c. Net operating asset turnover (NOAT)

Note: 1. Select the appropriate numerator and denominator used to compute NOAT from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute NOAT.

	Company	Numerator	Denominator	NOAT
		Select One: Average assetsAverage equityAverage NOANet incomeNOPATNOPBTRevenueTax expenseTax on operating profitTax shield	Select One: Average assetsAverage equityAverage NOANet incomeNOPATNOPBTRevenueTax expenseTax on operating profitTax shield
	Abercrombie & Fitch	Answer	Answer	%
	TJX Companies	Answer	Answer	%