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 (example: 0.2345 = 23.5%).

Income Statement
($ millions)	ANF			TJX
Sales	$3,469			$21,942
Cost of goods sold	1,257	Answer%		16,040	Answer%
Gross profit	2,212	Answer%		5,902	Answer%
Total expenses	2,062	Answer%		4,559	Answer%
Net income	$ 150	Answer%		$ 1,343	Answer%

(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
($ millions)	ANF			TJX
Current assets	$1,433	Answer%		$5,100	Answer%
Long-term assets	1,515	Answer%		2,872	Answer%
Total assets	$2,948			$7,972
Current liabilities	$ 559	Answer%		$3,133	Answer%
Long-term liabilities	498	Answer%		1,739	Answer%
Total liabilities	1,057	Answer%		4,872	Answer%
Stockholders' equity	1,891	Answer%		3,100	Answer%
Total liabilities and equity	$2,948			$7,972

answer all the parts that say answer please.