Toys R Us operates more than 1,500 stores in the United States and abroad. Like most retailers,
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Toys “R†Us operates more than 1,500 stores in the United States and abroad. Like most retailers, the managers of Toys “R†Us monitor the company’s gross margin percentage. The following information is from the company’s income statement (in millions):
Compute the gross profit percentage for each of the 3 years. Comment on the changes in gross profitpercentage.
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Related Book For
Introduction to Financial Accounting
ISBN: 978-0133251036
11th edition
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
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