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Analyzing and Interpreting the Financial Performance of Competitors Abercrombie & Fitch Co. (ANF) and Nordstrom, Inc. (JWN), are major retailers that concentrate in the higher-end
Analyzing and Interpreting the Financial Performance of Competitors Abercrombie & Fitch Co. (ANF) and Nordstrom, Inc. (JWN), are major retailers that concentrate in the higher-end clothing lines. Following are selected data from their 2017 fiscal-year ended February 3, 2018, financial statements: (5 millions) ANF JWN Total Liabilities and Equity $2,326 $8,115 Net Income 11 437 Net Sales 3,493 15,137 Total Liabilities 1,074 7,138 Required a. What is the total amount of assets invested in (1) ANF and (2) JWN? What are the total expenses for each company (1) in dollars and (2) as a percentage of sales? (Round the percentage to one decimal place.) ANF JWN Total Assets Total Expenses Total Expenses as of Sales 91 b. What is the return on equity (ROE) for (1) ANF and (2) JWN? ANF's total equity at the beginning of 2017 is $1,252 million and JWN's beginning 2017 equity is $870 million, (ROE was defined in Chapter 1.) (Round the percentage to one decimal place.) ANF JWN ROE Check
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