Below is  income statement and balance sheet data from two retailers: Abercrombie & Fitch (a high-end apparel retailer) and TJX Companies (a value-for-market apparel retailer).

(a) Express each income statement amount as a percentage of sales.

Round your answers to one decimal place (example: 0.2345 = 23.5%).

Income statement
(Million dollars)	ANF			TJX
Sales	$3,469			$21,942
cost of goods sold	1.257	Reply%		16.040	Reply%
Gross profit	2.212	Reply%		5.902	Reply%
Total expenses	2.062	Reply%		4.559	Reply%
Net income	150 dollars	Reply%		1.343 $	Reply%

(b) Express each balance sheet amount as a percentage of total assets.

Round your answers to one decimal place (ex: 0.2345 = 23.5%)

Balance
(Million dollars)	ANF			TJX
current assets	$1,433	Reply%		$5,100	Reply%
long-term assets	1.515	Reply%		2.872	Reply%
Total assets	$2,948			$7,972
current liabilities	$559	Reply%		$3,133	Reply%
long-term liabilities	498	Reply%		1.739	Reply%
Total liabilities	1.057	Reply%		4.872	Reply%
equity capital	1.891	Reply%		3.100	Reply%
Total liabilities and equity	$2,948			$7,972