Information taken from recent annual reports of two retailers follows (amounts in thousands). Dan’s.

Information taken from recent annual reports of two retailers follows (amounts in thousands). Dan’s.

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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