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. 2017 Sales Company ($ millions) Urban Outfitters .................. TJX Companies ..... ....... 2017 Earnings Without Interest Expense (EWI) $ 108 2,653 2017 Total Assets $ 1,953 14,058 2016 Total Assets $ 1,903 12,884 $ 3,616 35,865 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 respect to PM and AT and interpret these differences in light of each company's business model. c