Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Comparing Abercrombie & Fitch and TJX Companies Following are selected financial statement data from Abercrombie & Fitch (ANF-upscale clothing retailer) and TJX Companies (TJX-value-priced clothing

Comparing Abercrombie & Fitch and TJX Companies Following are selected financial statement data from Abercrombie & Fitch (ANF-upscale clothing retailer) and TJX Companies (TJX-value-priced clothing retailer including TJ Maxx) -- both dated the end of January 2011 or 2010.

($ millions) Company Total Assets Net Income Sales
2010 TJX Companies Inc. $7,464
2011 TJX Companies Inc. 7,972 $1,343 $21,942
2010 Abercrombie & Fitch 2,822
2011 Abercrombie & Fitch 2,948 150 3,469

(a) Compute the return on assets for both companies for the year ended January 2011.

Round your answers to one decimal place.

TJX 2011 ROA = Answer

% ANF 2011 ROA = Answer% (b) Disaggregate the ROAs for both companies into the profit margin and asset turnover.

Round profit margin answers to one decimal place.

TJX 2011 Profit Margin = Answer

% ANF 2011 Profit Margin = Answer%

Round asset turnover answers to two decimal places.

TJX 2011 Asset Turnover = Answer

ANF 2011 Asset Turnover = Answer

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions