Question
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
please answer all parts that say answer
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started