lululemon athletica inc. reported the following information (in US$ thousands) for the three fiscal years ended: Instructions
Question:
lululemon athletica inc. reported the following information (in US$ thousands) for the three fiscal years ended:
Instructions
a. Calculate the gross profit margin and profit margin for lululemon for each of the three years.
b. Recalculate profit margin using profit from operations as opposed to profit for the year.
c. Comment on whether the ratios improved or weakened over the three years.
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Related Book For
Accounting Principles Volume 1
ISBN: 9781119786818
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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