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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
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 Tj 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:0.2345=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%). Which of the following statements about bus iness models is most consistent with the computations for part (a)
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