Question

The following income statements were drawn from the annual reports of Athens Company and
Boulder 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 Athens and Boulder have equity of $22,000 and $39,000, respectively, which company is in the more profitable business?


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  • CreatedApril 20, 2015
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