Following are selected financial statement data from Abercrombie & Fitch (ANF-upscale clothing retailer) and TJX Companies (-value-priced clothing retailer including TJ Maxx) -- both dated 2013. (a) Compute the return on assets for both companies for the year ended 2013. Round your answers to one decimal place. TJX 201 3 ROA = 0 % ANF 2013 ROA = 0 % (b) Disaggregate the ROAs for both companies into the profit margin and asset turnover. Round profit margin answers to one decimal place. TJX 2013 Profit Margin = 0 % ANF 2013 Profit Margin = 0 % Round asset turnover answers to two decimal places. TJX 2013 Asset Turnover = 0 ANF 2013 Asset Turnover = 0 (c) Which of the following is a likely interpretation of the results of your computations for parts a and b? ANF turns its assets much faster than TJX and this is the primary reason for its higher return on assets. ANF is realizing a higher return on assets as a result of its lower investment in assets. TJK is outperforming ANF on both dimensions, resulting in a ROA higher than ANF'S. ANF's higher return on assets is the result of its greater level of sales