LO2, 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. NO MBC Urban Outfitters, Inc. NASDAQ :: URBN TJX Companies NYSE :: TJX 2017 Sales 2017 Earnings Without Interest Expense (EWI) $ 108 2,653 2017 Total Assets 2016 Total Assets Company ($ millions) Urban Outfitters. TJX Companies .................. $ 3,616 35,865 $ 1,953 14,058 $ 1,903 12,884 a. b. Compute the 2017 return on assets (ROA) for both companies. Disaggregate ROA into profit margin (PM) and asset turnover (AT) for each company. Confirm that ROA= PM X AT. Discuss differences observed with respel M and AT and interpret these differences in light of each company's business model