Compute ROA, Profit Margin, and Asset Turnover

Refer to the financial information for Target Corporation, presented below:

Target Corporation Balance Sheets
($ millions)	January 31, 2015	February 1, 2014
Assets
Cash and cash equivalents	$2,210	$670
Inventory	8,790	8,278
Other current assets	3,087	2,625
Total current assets	14,087	11,573
Property and equipment, net	25,958	26,412
Other noncurrent assets	1,359	6,568
Total assets	$41,404	$44,553
Liabilities and shareholders investment
Accounts payable	$7,759	$7,335
Accrued and other current liabilities	3,886	4,299
Current portion of long-term debt and notes payable	91	1,143
Total current liabilities	11,736	12,777
Long-term debt	12,705	11,429
Deferred income taxes	1,321	1,349
Other noncurrent liabilities	1,645	2,767
Total shareholders investment	13,997	16,231
Total liabilities and shareholders investment	$41,404	$44,553

Target Corporation Income Statement
($ millions)	Fiscal year ended January 31, 2015
Sales revenue	$72,618
Cost of sales	51,278
Selling, general and administrative expenses	14,676
Depreciation and amortization	2,129
Earnings from continuing operations before interest and income taxes	4,535
Net interest expense	882
Earnings from continuing operations before income taxes	3,653
Provision for income taxes	1,204
Net earnings from continuing operations	2,449
Discontinued operations, net of tax	(4,085)
Net earnings (loss)	$(1,636)

a. Compute its return on assets (ROA) for the fiscal year ending January 31, 2015.

Compute ROA using net earnings (loss). Assume a statutory tax rate of 35%.

Round your answer to one decimal place. Use negative sign with answer, if appropriate. Return on Assets = Answer

% b. Disaggregate ROA into profit margin (PM) and asset turnover (AT).

Round your answers to one decimal place. Use negative sign with answers, if appropriate. Profit Margin = Answer

% Asset Turnover = Answer