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At the end of 2016 the following information is available for Jackson and Fargo companies: Required a. Prepare a common size income statement for each
At the end of 2016 the following information is available for Jackson and Fargo companies: Required a. Prepare a common size income statement for each company. (Round percentage answers to 1 decimal place.) Compute the return on assets and return on equity for each company. (Round your answers to 2 decimal places.) c. Which company is more profitable from the stockholders' perspective? Fargo company Jackson Company d. One company is a high-end retailer, and the other operates a discount store. Which is the discounter? Fargo company Jackson Company
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