E6.21 The TJX Companies is a Fortune 100 company with more than 4,300 and 270,000 associates. It is the parent company for the stores TJ Maxx, Marshall's, and HomeGoods. Macy's is one of the nation's premier retailers, operating approximately 680 department stores under the names Macy's and Bloomingdale's as well as 190 specialty stories. Each company applies a different business model. Following are selected financial data for TJX and Macy's (in millions of dollars). 2018 Sales 2018 CGS 2018 Net Inc 2018 NOPAT 2018 NOA 2017 NOA 2018 2017 2018 2017 NFL NFL CSE CSE TJX... Macy's 38,973 27,832 3,060 3,096 25,739 15,215 1,098 1,031 4,253 10,025 4,115 (796) (1,033) 5,049 5,148 10,161 3,589 4,428 6,436 5,733 Calculate the following for TJX and Macy's: a. Gross margin percentage b. Profit margin percentage (PM) C. Asset turnover (ATO) d. Return on net operating assets (RNOA) e. Financial leverage (LEV) f. Spread (RNOA - RNFL)