er 5 1 Seved E5-17 (Algo) Analyzing and Interpreting Return on Assets LO5-4 The TXJ Companies, Inc., which operates the T.J. Marx, Mitchells, and GoodHome 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 $33,603,760 3,998,250 6,108,850 13,887,140 Prior Year $ 32,644,960 3,977,670 5,985,670 12,939,610 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 Current Year Prior Year Help Net income 3,998,250 3,977,678 Average shareholders' equity 6,108,850 5,985,678 Average total assets 13,887,140 12,939,610 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 Prev 6 of 6 Next >