1. Calculate the following for both Tiffany & Co. and TJX using data from the abbreviated income statements and balance sheets in Exhibit 1. 

2. For a-h, compare and contrast the calculated financial figures for Tiffany & Co. and TJX, then analyze and discuss why the percentages and ratios differ for the two retailers.

3. Determine which retailer had the better overall financial performance. 

Synopsis:  Tiffany & Co. operates as a high-end specialty retailer worldwide. It is mostly known for its exquisite jewelry, but also has additional luxury items in its product assortment. TJX Corporation, on the other hand, consists of a mix of stores under the names of TJ Maxx, Marshalls, HomeGoods, and Sierra Trading Post in the United States (with additional stores under various names internationally). TJX strives to offer exceptional value through its four pillars of great fashion, brand, quality, and price. A comparison of which retailer has the better overall financial performance is conducted in this case.