Analyzing and Interpreting the Financial Performance of Comp

Analyzing and Interpreting the Financial Performance of Competitors concentrate in the higher-end clothing lines. Following are selected data from their 2014 fiscal-year ended January 31, 2015, financial statements: ($ millions) ANF JWN Total Liabilities and Equity $2,505 $9,245 Net Income Net Sales lial iak 52 720 3,744 13,506 ,115 6,805

Solution

Part 1 ANF JWN Total Assets $2,505.00 $9,245.00 Total Expenses $3,692.00 $12,786.00 Total Expenses as % of sales 98.6% 94.7% Part 2 ANF JWN Opening Equity $1,729.00 $2,080.00 Closing Equity $1,390.00 $2,440.00 Average Equity $1,559.50 $2,260.00 Net Income $52.00 $720.00 ROE 3.3% 31.9%