The following data are based on information in the 2016 annual reports of Abercrombie & Fitch, Co., and American Eagle Outfitters Inc. Dollar amounts are in thousands Abercrombie & Fitch is a specialty retailer of apparel and accessories for men and children. As of January 30, 2016, it operated 75 stores in the United States and 178 stores outside the United States. American Eagle Outfitters, Inc. is a specialty retailer of clothing and accessories for men and women. As of January 30, 2016, it operated 904 stores in the United States and 143 stores outside the United States. Assets Liabilities Stockholders' equity Revenues Expenses Dividends Retained earnings at the beginning of the year Abercrombie & Fitch $2,433,039 1,137,317 1,295,722 3,518,680 3,483,104 55, 145 2,550,673 American Eagle Outfitters $1,612,246 568,870 1,043,376 3,521,848 3,303, 710 99,624 1,543,085 Required a. Calculate each company's net income and retained earnings for 2016, b. For each company, calculate its net earnings as a percentage of its revenues. c. Which company performed better in 2016? Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate each company's net income and retained earnings for 2016. (Enter your answers in thousands of dollar.) AMERICAN ABERCROMBIE & FITCH OUTFITTERS EAGLE Net Income