1. In class we discussed two different paths to increase ROA, the profit path and the turnover path. Provide an explanation of the two paths. As part of your explanation provide ratios that are important for each.

2. Identify 2 retailers who likely focus on the profit path and two retailers who likely concentrate on the turnover path, justify your answer

3. Claudia's Gems had net sales of $220,000, total assets of $390,000, total liabilities of $109,000, a cost of goods sold of $69,000, expenses of $82,000, and net profit after taxes of $29,000. Calculate the store's return on assets ratio. Provide an explanation of what this number represents and why is it important for retailers