Abercrombie & Fitch Co. and Nordstrom, Inc., are major retailers that concentrate in the higher-end clothing lines.

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Abercrombie & Fitch Co. and Nordstrom, Inc., are major retailers that concentrate in the higher-end clothing lines. Following are selected data from their 2017 fiscal-year ended February 3, 2018, financial  statements:


REQUIRED:

a. What is the total amount of assets invested in (1) ANF and (2) JWN? What are the total expenses for each company (1) in dollars and (2) as a percentage of sales?

b. What is the return on equity (ROE) for (1) ANF and (2) JWN? ANF's total equity at the beginning of 2017 is $ 1,252 million and JWN's beginning 2017 equity is $870 million.

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Financial Accounting

ISBN: 9781618533111

6th Edition

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

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