questions are in the picture

29 The TXJ Companies, Inc, which operates the TJ. Marx, Mitchells, and GoodHome chalns, is the leading off-price apparel and home fashions retailer in the U.S. and worldwide. Presented here are selected recent income statement and balance sheet amounts (dollars In thousands 12 points Net sales Net Income Average shareholders' equity Average total note CUYARI 533, 403,760 2,995,256 5,108,050 12,887,140 Peler YORE $31,644,960 2,977,670 4,905,670 11,939,610 Required: 1. Compute ROA for the current and prior years. (Round your answers to 3 decimal places.) 2. Compute the profit margin for both years and Asset Turnover for both years. (Round your answers to decimal places.) 4 Current Year Prior You 1. ROA 2. Prolt Margin Asant Tumover 2 28 Mary businesses borrow money during periods of increased business activity to finance Inventory and accounts receivable. FederalWay, Inc. is one of America's most prestigious retallers. Each Christmas senson, FederalWay bullds up its inventory to meet the needs of Christmas shoppers. A large portion of these Christmas sales are on credit. As a result, Federal Way often collects cash from the sales several months after Christmas. Assume that on November 1 of this year, Federalny borrowed $47 millon cash from Third Fifth Bank to meet short-term obligations. Federa/Way signed an interest-bearing note and promised to repay the $4.7 million in six months. The annual interest rate was 10%. All Interest wil accrue and be paid when the note is due in six months. FederalWay's accounting period ends December 31. 1 Required 1. Prepare the journal entry to record the note on November 1 2. Prepare any adjusting entry required at the end of the annual accounting period on December 3. Prepare the journal entry to record payment of the note and interest on the maturity date, April 30. For all requirements, i no entry is required for a transaction/event, select "No journal entry required in the first account field, Enter your answers in whole dollars not in milions fe 1,000,000 not 1.0).) Vibration til Journal entry worksheet 3 1 > Record the note on November 1 den Daba be Nov 01 Mandy Vw gewwa