QUESTION 4 Not complete Marked out of 23.00 PFlag 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 TJX Companies (clothing retailer in the value priced market), for the fiscal year ended January 30, 2016 (a) Express each income statement amount as a percentage of sales Round your answers to one decimal place (ex: 0.2345-23.5%) Income Statement ANF $3,518,680 1,361,137 TJX $ thousands) Sales Cost of goods sold Gross profit Total expenses 30,944,938 % 22,034,523 2,157,543 2,121,967 35,576 8,910,415 6,632,757 $2,277,658 Net income % (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