L05-2, 3 M5-22. Compute ROA, Profit Margin, and Asset Turnover for Competitors Selected balance sheet and income statement information from Urban Outfitters, Inc., and TJX Companies, clothing retailers in the high-end and value-priced segments, respectively, follows. Urban Outfitters, Inc. NASDAQ :: URBN TJX Companies NYSE TJX a. Compute the 2019 return on assets (ROA) for both companies. (c) Cambridge Business Publishers Chapter 5 Analyzing and Interpreting Financial Statements 5. b. Disaggregate ROA into profit margin (PM) and asset turnover (AT) for each company. Confirm that ROA =PMAT. c. Discuss differences observed with respect to PM and AT, and interpret these differences in light of each company's business model