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Assume that Verizon Communications, Inc. reports the following selected balance shee statement information for 2012 through 2014 (S millions). 7. Total Total Current Current Pretax

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Assume that Verizon Communications, Inc. reports the following selected balance shee statement information for 2012 through 2014 (S millions). 7. Total Total Current Current Pretax Interest Total Assets Liabilities Income Expense Liabilities Equity $57,814 2012 $18,293 $26,570 $6,344 $2,797 $108,154 2013 19,479 23,159 12,521 2,384 103,345 2014 16,448 25,063 13,652 2,180 Compute times interest earned for 2014. 62,613 66,434 74,942 a. 7.26 b. 6.26 . 526 d. 4.26 8. Assume that Abercrombie &Fitch and TJX Companies reports the following selected balan and income statement information (S millions). 2014 Net Ticker Sales NOPAT Assets 2014 2014 Operating Operating 2013 Net Abercrombie&Fitch ANF$2,784.7$324.7565.0 361.7 TX Companies Assets TJX 16,057.9 708.52,235.9 2,139.5 Compute the 2014 return on net operating assets (RNOA a. ANF 52.75%. TX 26.23% b. ANF 70.08%, TJX 32.39% c. ANF 22.11%, TJX 16.82% d, ANF 30.33%, TJX 21.76% for both companies

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