$\backslash$table$[[$Current assets, end of year,$$1,206\mathrm{.}1,$

$\backslash$table$[[$J$.$M$.$ Smucker Company, Inc.,$],[$Statement of Cash Flow $($$ millions$),],[,vv$$Noncurrent liabilities, end of year,$$3,577\mathrm{.}3$

Comparing Ratios for Luxury and Budget Retailers

Following are selected financial statement data from Capri Holdings $($a retailer that owns upscale brands Michael Kors, Jimmy Choo, and Versace$)$ and Five Below $($a value$-$priced toy and novelty retailer$).$

$\backslash$table$[[,$Capri Holdings $($$ millions$),$Five Below $($s thousands$)],[$les$,$$$6,806\mathrm{.}0,$$$6,491\mathrm{.}2,$$$2,103,388,$$$1,709,491],[$est of sales,$2,603\mathrm{.}0,2,565\mathrm{.}2,1,392,269,1,140,713],[,1,028\mathrm{.}9,972\mathrm{.}1,129,503,63,431],[$ty$,2,527\mathrm{.}0,2,511\mathrm{.}6,751,556,552,975]]$

Required

a$.$ Calculate the gross profit for each company for both years. Gross profit is equal to sales minus the cost of sales.

$\backslash$table$[[,$Capri Holdings $($$ millions$)$ Current Year Prior Year,Five Below $($$ thousands$)$ current Year Prior Year$],[$Gross profit,$$,0,$$$,0,$$$,0,$$$,0]]$

b$.$ Calculate gross profit as a percentage of sales for each company for both years. Note: Enter answer as a percentage rounded to one decimal place $($ex: $29\mathrm{.}4\%).$

$\backslash$table$[[,$Capri Holdings $($$ millions$)$ Current Year Prior Year,Five Below $($ $ Current Year,$\backslash$table$[[$thousands$)],[$Prior Year$]]],[,0\%,0\%,0\%,0\%$