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Following are selected financial statement data from Abercrombie & Fitch (ANF- retailer) and TjX Companies (TjX-value-priced clothing retailer including Tj Maxx). (a) Compute the return

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Following are selected financial statement data from Abercrombie & Fitch (ANF- retailer) and TjX Companies (TjX-value-priced clothing retailer including Tj Maxx). (a) Compute the return on assets for both companies for the year ended 2016. Round your answers to one decimal place. TjX 2016 ROA = 19.8 ANF 2016 ROA = 1.5 (b) Disaggregate the ROAs for both companies into the profit margin and asset turnover Round profit margin answers to one decimal place. TJX 2016 Profit Margin = 7.4 % ANF 2016 Profit Margins = 1 Round asset turnover answers to two decimal places TJX 2016 Asset Turnover = 2.7 ANF 2016 Asset Turnover = 1.4

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