The following information is taken from the 2020 annual report for Best Buy (amounts are in...

 

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The following information is taken from the 2020 annual report for Best Buy (amounts are in millions and Best Buy's 2020 Fiscal Year ended on February 1, 2020): Interest expense Inventory (Feb 1, 2019) Gain on Sale of Investments Selling, General, and Admin Expenses Income tax expense $ 64 5,409 1 Gross Profit Ratio 7,998 452 Net revenues Investment income Cost of goods sold Restructuring Expenses Inventory (Feb 1, 2020) $43,638 47 33,590 41 5,174 2. Calculate the gross profit ratio for Best Buy for the year ended February 1, 2020. The following information is taken from the 2020 annual report for Best Buy (amounts are in millions and Best Buy's 2020 Fiscal Year ended on February 1, 2020): Interest expense Inventory (Feb 1, 2019) Gain on Sale of Investments Selling, General, and Admin Expenses Income tax expense $ 64 5,409 1 Gross Profit Ratio 7,998 452 Net revenues Investment income Cost of goods sold Restructuring Expenses Inventory (Feb 1, 2020) $43,638 47 33,590 41 5,174 2. Calculate the gross profit ratio for Best Buy for the year ended February 1, 2020.

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