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Obtain the most recent 10-K for the TJX Companies and go to the Balance Sheet. Use this to answer the following question: Fiscal 2019 ROA,
Obtain the most recent 10-K for the TJX Companies and go to the Balance Sheet. Use this to answer the following question:
Fiscal 2019 ROA, Asset Turnover, and Sales per LT Asset ratios all declined significantly from the prior year. If you look at the Balance Sheet, this was driven by a significant increase in Total Assets. What is the largest contributor to the significant increase in Total Assets? Explain what this asset relates to and why it is on the Balance Sheet.
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