In fiscal 2010, The Forzani Group Ltd. reported sales revenue of $1,358.3 million, cost of goods sold
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In fiscal 2010, The Forzani Group Ltd. reported sales revenue of $1,358.3 million, cost of goods sold of $864.0 million, and profit of $28.8 million. In fiscal 2009, it reported sales revenue of $1,346.8 million, cost of goods sold of $863.2 million, and profit of $15.1 million.
(a) Calculate the gross profit margin and profit margin for each year.
(b) Comment on Forzani's changing profitability.
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118024492
5th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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