Just section M5-22. a,b,&c. Show all calculations on excel or word file. Or notebook paper.

c. Selected balance sheet and income statement information from Urban Outfitters, Inc. and TX Compute the current ratio for each year and discuss any change in li... M5-22. Compute ROA, Profit Margin and Asset Turnover for Competitors Companies, clothing retailers in the high-end and value-priced segments, respectively, follows 2017 Earnings 2017 Without Interest 2017 Total 2016 Total Company ($ millions) Sales Expense (EWI) Assets Assets Urban Outfitters $ 3,616 $ 108 $ 1,953 $ 1,903 TJX Companies 35,865 2,653 14,058 12,884 a. Compute the 2017 return on assets (ROA) for both companies. b. Disaggregate ROA into profit margin (PM) and asset turnover (AT) for each company. Confirm that ROA = PM X AT. Discuss differences observed with respect to PM and AT and interpret these differences in light of each company's business model. -M5-23. Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Verizon Communications, Inc., follows. ($ millions) 2017 2016 Current assets $ 26,395 Current liabilities. 30,340 Total liabilities 220,148 Equity.. Earnings before interest and taxes. 22,524 Interest expense. 25,362 Net cash flow from operating activities. 4,376 22,810 a. the median for the 29,913 33,037 212,456 43,096 25,327 4,733 25,305