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See attachment (a) Express each income statement amount as a percentage of sales. (Round answers to one decimal place) (b) Express each balance sheet amount

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(a) Express each income statement amount as a percentage of sales. (Round answers to one decimal place)

(b) Express each balance sheet amount as a percentage of total assets. (Round answers to one decimal place)image text in transcribed

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 15 millions) ANF TjX Sales $3.469 $21.942 Cost of goods sold 1,257 0% X 16.040 Gross profit 2.212 0% X 5.902 Total expenses 2062 4559 $150 04 x S 1343 0% 0% 0% Net income 0% X (b) Express each balance sheet amount as a percentage of total assets. Round your answers to one decimal place (ex: 0.2345 = 23.5%) (5 millions) Current assets Balance Sheet ANF TJX 51,433 0% X 55,100 1,515 0% X 2872 $2.948 $7.972 0% X 0 0% Long-term assets Total assets Current liabilities $ 559 498 0% % 0% X 0% Long-term liabilities Total liabilities 0% x $3,133 0% X 1,739 0% X 4872 0% X 3100 $7.972 1,057 0% X Stockholders equity 1.891 Total liabilities and equity $2948

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