Selected information from Indigo Books & Music Inc.'s income statements for three recent years follows (dollars in thousands):

Instructions
(a) Calculate gross profit, and profit from operations, for each of the three years.
(b) Calculate the percentage change in revenue and profit from operations, from 2013 to 2015.
(c) Calculate the gross profit margin for each of the three years. Comment on any trend in this percentage.
(d) Calculate the profit margin for each of the three years. Comment on any trend in this percentage.
(e) Calculate profit margin again using profit from operations instead of profit for each of the three years. Comment on any trend in this percentage.
(f) Management often believes that profit from operations is a more meaningful basis of comparison than profit. Based on your findings in parts (d) and (e) above, do you agree or disagree with this statement? Explain

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2015 2014 2013 Revenue Cost of sales Operating expense Non-operating income Profit (loss) S895,376 503,059 398,031 2,492 (3,534) $867,668 $878,785 495,099 383,319 3,823 4,288 493,955 403,693 3,071 (30,999)