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 Cost of goods sold Gross profit Total expenses Net income $52,038 $37,804 11,248 27,831 40,790 9,973 30,275 7,840 $10,515 $2,133 Balance Sheet ($ millions) Pfizer TJX Companies Current assets $48,428 $8,215 Long-term assets 109,496 5,857 Total assets $157,924 $14,072 Current liabilities $30,902 $5,365 Long-term liabilities 61,892 3,634 Total liabilities 92,794 8,999 Stockholders' equity 65,130 5,073 Total liabilities and equity $157,924 $14,072 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%). Gross profit as a percentage of sales Net income as a percentage of sales Pfizer TJX Companies % % % 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 Based on the calculation above, can you conclude that one company is more capital intensive than the other? 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 Based on the calculation above, can you conclude that one company is riskier than the other?