Toys R Us operates more than 1 500 stores in the
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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