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QUESTION 3 Not complete Points out of 23.00 F Flag question Comparing Income Statements and Balance Sheets of Competitors Following are selected income statement and
QUESTION 3 Not complete Points out of 23.00 F Flag question 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 TX 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.) Income Statement ANF millions) Sales $4,511 $25,878 Cost of goods sold 1,694 18,521 7,357 Gross profit 2,817 96 5,450 2,580 Total expenses 237 $1,907 Net income *percentages do not total due to rounding
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