The income statement is below along with the questions I need help with. Can you please advise how you arrive at these answers also.

Tiffany (Year Ending 1/31/2012) TJX (Year Ending 1/28/2012)

Income Statement Income Statement

Net Sales $3,642,937 $ 23,191,455

Less: Cost of good Sold $1,491,783 $ 16,854,249

Gross Margin $ 2,151,154 $ 6,337,206

Less: SG&A expenses $1,442,728 $ 3,890,144

Operating profit margin $708,426 $ 2,447,062

Less: Interest Expense $ 48,574 $ 35,648

Other Income $5,099 $0

Net Income before taxes $664,951 $ 2,411,414

Less:Taxes $225,761 $ 915,324

Net Income after taxes 439,190 $ 1,496,090

Balance Sheet Balance Sheet

Cash $433,954 1,507,112

Accounts Receivable $ 184,085 204,304

Inventory $ 2,073,212 2,950,523

Other Current Assets $198,424 470,693

Total Current Assets $ 2,889,675 5,132,632

Fixed Assets $ 767,174 2,706,377

Long Term Assets $ 502,143 442,596

Current Liabilities $ 626,677 3,063,423

Long-term liabilities $ 186,802 2,008,892

Stockholders' equity $ 2,348,905 3,209,290