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 marketi (a) Express each income statement amount as a percentage of sales Round your answers to one decimal place (ex: 0.2345 23.59) Income Statement (5 millions) ANE TJ Sales 53.750 $18.647 Cost of goods sold 1.239 04 140 Gross profit 2.511 OX 4.56 Total expenses 2.035 OX 3.793 Nincome $ 476 0 % 5772 05 OX OX (b) Express each balance sheet amount as a percentage of total assets. Round your answers to one decimal place (ex: 0.2345 - 23.5 Balance Sheet (5 millions) ANF Current 51.140 0x13092 OX 02608 OX 56600 (b) Express each balance sheet amount as a percentage of total assets. Round your answers to one decimal place (ex: 0.2345 = 23.5%). Balance Sheet (5 millions) ANF TJX Current assets $1,140 0 X $3.992 096 X Long-term assets 1,427 0% X 2,608 OX Total assets $2.567 $6,600 Current liabilities 5543 0% X 52761 OX Long-term liabilities 406 09 x 1,708 0% X Total liabilities 949 0% X 4.469 0% X Stockholders equity 1,618 096 X 2.13 09x Total liabilities and equity $2.567 56,600