CVS Caremark Corporation operates over 7,000 pharmacies and is a major competitor of Walgreen Co. The following

Question:

CVS Caremark Corporation operates over 7,000 pharmacies and is a major competitor of Walgreen Co. The following data (in millions) were adapted from recent financial statements of CVS.

1. Compute the gross profit percent for Years 1 and 2. Round to one decimal place.
2. Compute the average markup percent for Years 1 and 2. Round to one decimal place.
3. Compute the ratio of sales to assets for Years 1 and 2. Round to two decimal places.
4. Compare the results in parts (1), (2), and (3) for Years 1 and 2. Comment on your comparison.

Financial Statements
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