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Compute roa for the current and prior years

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Reference no: EM132479690

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. and worldwide. Presented here are selected recent income statement and balance sheet amounts (dollars in thousands).

 

Current Year

Prior Year

Net sales

$33,663,760

$32,944,960

Net income

4,298,250

4,277,670

Average shareholders' equity

6,408,850

6,285,670

Average total assets

14,187,140

13,239,610

Required -

1. Compute ROA for the current and prior years.

2. Compute the profit margin for both years and Asset Turnover for both years.

Reference no: EM132479690

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