Comparing Income Statements and Balance Sheets of Competitors Following are selected income statement and balance...
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Accounting
Comparing Income Statements and Balance Sheets of Competitors Following are selected income statement and balance sheet data from two retailers: Abe value priced market), for the fiscal year ended February 2, 2019. (a) Express each income statement amount as a percentage of sales. Round your answers to one decimal place (ex: 0.2345 = 23.5%) Income Statement ($ thousands) ANF TjX Sales $3.590.109 0% X $38,972,934 096 X Cost of goods sold 1,430.193 096 X 27,831.177 096 x Gross profit 2.159,916 096 x 11,141,757 09 X Total expenses 2.081.109 096 X 8.081.959 09 X Net income $ 78.808 096 $3,059,798 09x (b) Express each balance sheet amount as a percentage of total assets. Round your answers to one decimal place (ex: 0.2345 = 23.596). Balance Sheet ($ thousands) ANF TX Current assets $1,335.950 48.6% X $8.469.222 09 X Long-term assets 1.049.643 096 x 5.856,807 096 x Total assets $2.385.593 096 x $14.326,029 Current liabilities 5558.917 09 X $5.531,374 096 X Long-term liabilities 608,055 095 x 3,746,049 096 X Total liabilities 1.166,972 0.99 X 9.277,423 0.46 x Stockholdersequity 1.218,621 096 x 5.048,606 0% x Total Habilities and equity $2.385,593 096 X 514,326.029
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