PLEASE TYPE ANSWERS

LO1, 2 E2-41. BERCROMBIE & FITCH (ANF) TJX COMPANIES (TIX) Compare 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), for the fiscal year ended February 2, 2019. Income Statement ($ thousands) ANF TJX Work Home MBC Sales. ... Cost of goods sold Gross profit. Total expenses. Net income $3,590,109 1,430,193 2,159,916 2,081,108 $ 78,808 $38,972,934 27,831,177 11,141,757 8,081,959 $ 3,059,798 Balance Sheet ($ thousands) ANF TJX $1,335,950 1,049,643 $2,385,593 $ 8,469,222 5,856,807 $14,326,029 Current assets Long-term assets Total assets Current liabilities. . Long-term liabilities. Total liabilities... Stockholders' equity Total liabilities and equity $ 5,531,374 3,746,049 $ 558,917 608,055 1,166,972 1,218,621 $2,385,593 9,277,423 5,048,606 $14,326,029 a. Express each income statement amount as a percentage of sales. Comment on any differences observed between these two companies, especially as they relate to their respective business models. b. Express each balance sheet amount as a percentage of total assets. Comment on any differences observed between these two companies, especially as they relate to their respective business models. c. Which company has a lower proportion of debt? What do the ratios tell us about the relative riskiness of the two companies