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E5-17 (Algo) Analyzing and Interpreting Return on Assets LO5-4 The TJM Companies, Incorporated, which operates the T.J. Marshalls, To the Maxx, and HomeSupplies chains, is
E5-17 (Algo) Analyzing and Interpreting Return on Assets LO5-4 The TJM Companies, Incorporated, which operates the T.J. Marshalls, To the Maxx, and HomeSupplies chains, is the leading off-price apparel and home fashions retailer in the U.S. and worldwide. Presented here are selected recent income statement and balance sheet amounts (dollars in thousands). Required: 1. Compute ROA for the current and prior years. Note: Round your answers to 3 decimal places. 2. Compute the profit margin for both years and Asset Turnover for both years. Note: Round your answers to 4 decimal places
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