lululemon athletica inc. reported the following information (dollars 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.
(c) Comment on whether the ratios improved or weakened over the three years.

Transcribed Image Text:

February 1,2015 February 2,2014 February 3,2013 1,591,188 $1.370358 Net sales Cost of goods sold Profit from operations Profit $1,797,213 883,033 376,033 239,033 751,112 391,358 279,547 607,532 376,439 271,431