5.22. Compute ROA, Profit Margin and Asset Turnover for Competitors Selected balance sheet and income statement information from Urban Outfitters, Inc. and TJX Companies, clothing retailers in the high-end and value-priced segments, respectively, follows. 2014 Earnings 2014 Without Interest 2014 Total 2013 Total Company ($ millions) Sales Expense (EWI) Assets Assets Urban Outfitters ....... ....... $ 3,323 $ 232.4 $ 1,889 $ 2,221 TJX Companies ... ........ 29,078 2,241.0 11,128 10,201 a. Compute the 2014 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. c. Discuss differences observed with respect to PM and AT and interpret these differences in light of each company's business model