The following income statements were drawn from the annual reports
The following income statements were drawn from the annual reports of the Pines Company and the Yew Company:


Required
a. One of the companies is a high-end retailer that operates in exclusive shopping malls. The other operates discount stores that are located in low-cost, stand-alone buildings. Identify the high-end retailer and the discounter. Support your answer with appropriate ratios.
b. If Pines and Yew have equity of $16,200 and $20,400, respectively, which company is in the more profitablebusiness?
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