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Comparing Income Statements and Balance Sheets of Competitors Following are selected income statement and balance sheet data from two retailers: Abercrombie & Fitch ( clothing

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Comparing Income Statements and Balance Sheets of Competitors
Following are selected income statement and balance sheet data from two retailers: Abercrombie & Fitch (clothing retailer in the high-end market) and TJX Companies
(clothing retailer in the value-priced market).
(a) Express each income statement amount as a percentage of sales.
Round your answers to one decimal place (ex: .2345=23.5%).
(b) Express each balance sheet amount as a percentage of total assets.
Round your answers to one decimal place (ex: 0.2345=23.5%).
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