keep the table the way it is The TJX Companies, Inc.,...

70.2K

Verified Solution

Question

Accounting

keep the table the way it is
image
The TJX Companies, Inc., which operates the T.J. Maxx, Marshalls, and HomeGoods chains, is the leading off-price apparel and home fashions retaller 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, 183, 744 2,298,234 4,408,837 12,187,120 Prior Year $30,944,938 2,277,658 4,285,653 11,239,591 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 Tumover

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students