The following information (dollars in millions) is for Canadian Tire Corporation, Limited. Instructions a. Calculate the gross

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The following information (dollars in millions) is for Canadian Tire Corporation, Limited.

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Instructions

a. Calculate the gross profit margin, profit margin, and current ratio for Canadian Tire for 2017, 2016, and 2015.

b. Comment on whether the ratios have improved or deteriorated over the three years.

What other information would be useful when evaluating these ratios over the threeyear period?

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Related Book For  answer-question

Accounting Principles Volume 1

ISBN: 978-1119502425

8th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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