Compare Financial Information Across Industries Following are selected income statement data for two companies, Pfizer (pharmaceutical company) and TJX Companies (clothing retailer), for the fiscal year 2018.

Income Statement ($ millions)	Pfizer	TJX Companies
Sales	$55,256	$40,142
Cost of goods sold	11,248	27,831
Gross profit	44,008	12,311
Total expenses	32,147	8,324
Net income	$11,861	$3,987

Balance Sheet ($ millions)	Pfizer	TJX Companies
Current assets	$51,424	$8,723
Long-term assets	109,496	5,857
Total assets	$160,920	$14,580
Current liabilities	$32,814	$5,697
Long-term liabilities	65,720	3,858
Total liabilities	98,534	9,555
Stockholders equity	62,386	5,025
Total liabilities and equity	$160,920	$14,580

a. Compare gross profit and net income as a percentage of sales for these two companies. Note: Round percentage to one decimal point (for example, round 18.566% to 18.6%).

	Pfizer	TJX Companies
Gross profit as a percentage of sales	Answer	Answer
Net income as a percentage of sales	Answer	Answer

b. Compare sales versus total assets. Note: Round amount to two decimal places (for example, round 1.355 to 1.36).

	Pfizer	TJX Companies
Sales versus total assets	Answer	Answer

Based on the calculation above, can you conclude that one company is more capital intensive than the other? AnswerPfizer is more capital intensiveTJX is more capital intensiveMore information is required

c. Which company has the higher percentage of total liabilities to stockholders equity? Note: Round amount to two decimal places (for example, round 1.355 to 1.36).

	Pfizer	TJX Companies
Total liabilities to stockholders' equity	Answer	Answer

Based on the calculation above, can you conclude that one company is riskier than the other?