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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)
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 $2948Step by Step Solution
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