Information taken from recent annual reports of two retailers follows (amounts in thousands). Dans Duds and Handsome

Information taken from recent annual reports of two retailers follows (amounts in thousands). Dan’s Duds and Handsome Hal’s both sell men’s clothing. The income tax rate is 34 percent.

Required
Indicate which of these companies is the discount store and which is the specialty retailer.
Explain youranswer.

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Dan's Duds Handsome Hal's Sales Interest expense Net income Average total assets $4,071 $20,649 136 837 5,746 64 245 2,061