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Disaggregate ROA into profit margin (PM) and asset turnover (AT). (Round to one decimal place.) With a tax rate of 35%., compute the return on

Disaggregate ROA into profit margin (PM) and asset turnover (AT). (Round to one decimal place.)

With a tax rate of 35%., compute the return on financial leverage (ROFL) for the fiscal year ended January 31, 2015. (Round to one decimal place.)

Consolidated Statement of Earnings
Fiscal year ended Jan. 31, 2015 Feb. 1, 2014
Net sales $14,549 $14,664
Cost of goods sold and occupancy expenses 9,275 8,775
Gross profit 5,274 5,889
Operating expenses 3,836 3,921
Operating income 1,438 1,968
Interest expense 74 (8)
Interest income (5) (6)
Income before income taxes 1,369 1,982
Income taxes 536 778
Net earnings $833 $1,204
Selected Balance Sheet Data
Jan. 31, 2015 Feb. 1, 2014
Merchandise inventories $1,615 $1,620
Total assets 7,422 7,065
Total stockholders equity 2,755 4,080

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