Companies with low gross profit and markup percents often have higher volumes of sales than companies with

Question:

Companies with low gross profit and markup percents often have higher volumes of sales than companies with high gross profit and markup percents.
1. Comment on the preceding statement.
2. The following data (in millions) were adapted from recent of
The Kroger Co. (KR) and Tiffany & Co. (TIF) Kroger operates supermarkets, while Tiffany designs and sells jewelry, china, watches, and other expensive merchandise.

Compute the gross profit percent and average markup percent Kroger and Tiffany. Round to one decimal place.
3. Comment on the results in part (2).

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...