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The TXJ Companies, Inc., which operates the T.J. Marx, Mitchells, and GoodHome chains, is the leading off-price apparel and home fashions retailer in the U.S.

The TXJ Companies, Inc., which operates the T.J. Marx, Mitchells, and GoodHome chains, 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).

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 4 decimal places.)image text in transcribed

The TXJ Companies, Inc., which operates the T.J. Marx, Mitchells, and GoodHome chains, 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). Net sales Net income Average shareholders' equity Average total assets Current Year $33, 363, 760 2, 798, 250 4,908, 850 12,687, 140 Prior Year $31, 444, 960 2, 777, 670 4,785, 670 11, 739, 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 4 decimal places.) Current Year Prior Year 1. ROA 2. Profit Margin Asset Turnover

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