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

Transcribed Image Text:

Net sales Cost of goods sold Profit from operations Profit for the year February 2, 2020 $3,979,296 1,755,910 889,110 645,596 February 3, 2019 $3,288,319 1,472,032 705,836 483,801 January 28, 2018 $2,649,181 1,250,391 456,001 258,662