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The following data are based on information in the 2019 annual reports of Winston & Wilson, Incorporated and Kamp Clothing. Dollar amounts are in millions.
The following data are based on information in the 2019 annual reports of Winston & Wilson, Incorporated and Kamp Clothing. Dollar amounts are in millions. Winston & Wilson is a specialty retailer of apparel and accessories for men and children. Kamp Clothing is a specialty retailer of clothing and accessories for men and women. Kamp Clothing $ 1,956 663 1,293 4,148 3,780 Winston & Wilson Assets $ 2,278 Liabilities 1,224 Stockholders' equity 1,054 Revenues 3,606 Expenses 3,495 Dividends 53 Retained earnings at the beginning of the year 2,537 Required a. Calculate each company's net income and retained earnings for 2019. b. For each company, calculate its net earnings as a percentage of its revenues. c. Which company performed better in 2019? 92 1,840
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