Compute, Disaggregate, and Interpret RNOA of Competitors Selected balance sheet and income statement information for the clothing retailers, Abercrombie & Fitch and The GAP, Inc., follows.

Company ($ millions)	Ticker	2011 Sales	2011 NOPAT	2011 Net Operating Assets	2010 Net Operating Assets
Abercrombie & Fitch	ANF	$3,469	$152	$1,032	$1,055
The GAP	GPS	$14,664	$1,195	$2,419	$2,318

(a) Compute the 2011 return on net operating assets (RNOA) for each company. (Do not round until your final answer. Round your answers to two decimal places.) (Do not use RNOA=NOPM X NOAT to calculate.)

Company ($ millions)	RNOA
Abercrombie & Fitch	Answer%
The GAP	Answer%

(b) Disaggregate RNOA into net operating profit margin (NOPM) and net operating asset turnover (NOAT) for each company. (Do not round until your final answer. Round your answers to two decimal places.)

Company	NOPM	NOAT
Abercrombie & Fitch	Answer%	Answer
The GAP	Answer%	Answer