Question
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).
Current YearPrior YearNet sales$33,663,760$32,944,960Net income 4,298,250 4,277,670Average shareholders' equity 6,408,850 6,285,670Average total assets 14,187,140 13,239,610
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.)
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