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Use the following information to answer the questions about ROA and its components: profit margins and turnovers. Urban Outfitters is a higher end retail establishment

Use the following information to answer the questions about ROA and its components: profit margins and turnovers. Urban Outfitters is a higher end retail establishment that competes in the trend setting market. TJ Maxx (TJX) is a discount retailer selling previous years' trend items. Company Sales Earnings Without Interest Current Year Total Assets Last Year Total Assets Urban Outfitters 3,323 232.4 1,889 2,221 TJX 29,078 2,241.0 11,128 10,201 An Excel file is attached to make the calculations easier. 1. What is the Profit Margin for Urban Outfitters? Round to the nearest percent, answer should only be numbers and percent sign is not needed (e.g., 0.104 = 10.4% would be 10)

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