Compute and Interpret ROA, Profit Margin, and Asset Turnover of Competitors Selected 2020 balance sheet and income statement information for Vkusno & Tochka Corporation and Tasty Treats, Inc., follows. ($ millions) Vkusno & Tochka Tasty Treats Sales Revenue Interest Expense Net Income Average Total Assets $96,040 28,260 $6,090 2,715 $27,786 5,309 $294,060 32,549 a. Compute the return on assets (ROA) for each company. Use the 25% statutory tax rate. Note: Round your answers to the nearest million dollars. Vkusno & Tochka's ROA $ Numerator ($ millions) + Denominator ($ millions) 20,840 x = $ Result 294,060 7.1 % Tasty Treats' ROA s 3,981 x = $ 32,549 12.2 % b. Disaggregate ROA into profit margin (PM) and asset turnover (AT) for each company. Note: Round your answers to the nearest million dollars. Numerator ($ millions) + Denominator ($ millions) Result Vkusno & Tochka's PM $ Tasty Treats' PM 20,840 x + $ 96,040 21.699 % $ 3,981.75 x = $ 28,260 14.09 % Vkusno & Tochka's AT $ Tasty Treats' AT $ 96,040 $ 28,260 = $ 294,060 0.327 32,549 0.868 PM x AT ROA Vkusno & Tochka's ROA Tasty Treats' ROA 21.699 % x 14.09 % x 0.327 = 7.1 % 0.868= 12.2 % c. Discuss any differences in these ratios for each company. Vkusno & Tochka has the lower ROA ratio. Vkusno & Tochka has the higher PM ratio. Tasty Treats Check has the higher AT ratio. Partially correct Marks for this submission: 1.47/2.00.