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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 in
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 (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% ). some percentages may not total due to rounding
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