Comparing Income Statements and Balance Sheets of Competitors Following are selected income statement and balance sheet data from two retailers: Abercrombie & Fitch (clothing in the high-end market) and TJX Companies (clothing retailer in the value priced market), for the fiscal year ended February 2, 2013.

(a) Express each income statement amount as a percentage of sales. (Round your answers to one decimal place.)

Income Statement
($ millions)	ANF			TJX
Sales	$4,511			$25,878
Cost of goods sold	1,694	Answer%		18,521	Answer%
Gross profit	2,817	Answer%		7,357	Answer%
Total expenses	2,580	Answer%		5,450	Answer%
Net income	$ 237	Answer%*		$1,907	Answer%*

*percentages do not total due to rounding