Question

The following income statements were drawn from the annual reports of the Rocky Company and the Sandy 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 Rocky and Sandy have equity of $40,000 and $21,000, respectively, which company is in the more profitablebusiness?


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  • CreatedOctober 26, 2013
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