Compute ROA, Profit Margin, and Asset Turnover Refer to the financial information for Target Corporation, presented below. Target Corporation Balance Sheets January 28, January 29, ($ millions) 2012 2011 Other current assets Assets Cash and cash equivalents Accounts receivable, net Inventory Total current assets $794 $1,712 5,927 6.153 7,918 7.596 1.810 1.752 16.44% Property and equipment, net 29.149 Other noncurrent assets 1.032 17.21 25,493 999 Liabilities and shareholders' investment $46.630 $43.705 Accounts payable $6,857 $6.625 Accrued liabilities 3.644 3.320 Current portion of long-term debt and notes payable. $286 119 Total current liabilities 14.384 10.070 Long-term debt 13.627 15.607 Deferred income taxes 1.191 Other noncurrent liabilities Total shareholders' investment 1.634 15.821 Total liabilities and shareholders' investment $46.6301 934 1,607 15.487 $43.7051 Target Corporation Income Statement Fiscal year ended ($ millions) Sales Net credit card revenues Total revenues Cost of sales Credit card expenses Selling, general and administrative expenses Depreciation and Lamortization Net interest expense Earnings before income taxes January 28, 2012 $70.466 71.865 47.860 14.106 446 2.131 Earnings before interest expense and income taxes 7,322 Provision for income taxes Net earnings 866 6.456 $4,929 a. Compute its return on assets (ROA) for the fiscal year ending January 28, 2012. Interest income for this year was $3 million, so interest expense was $869 million. Assume a statutory tax rate of 35%. (Round your answers to one decimal place. Return on Assets = % b. Disaggregate ROA into profit margin (PM) and asset turnover (AT). (Round your answers to one decimal place.) Profit Margin= %