In 2012, Canadian Tire Corporation reported sales revenue of $11,427.2 million, cost of goods sold of $7,929.3

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In 2012, Canadian Tire Corporation reported sales revenue of $11,427.2 million, cost of goods sold of $7,929.3 million, and profit of $499.2 million. In 2011, it reported sales revenue of $10,387.1 million, cost of goods sold of $7,326.4 million, and profit of $467.0 million.

(a) Calculate the gross profit margin and profit margin for each year.

(b) Comment on Canadian Tire's changing profitability.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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