Toys R Us operates more than 1,500 stores in the United States and abroad. Like most retailers,

Toys “R” Us operates more than 1,500 stores in the United States and abroad. Like most retailers, the managers of Toys “R” Us monitor the company’s gross margin percentage. The following information is from the company’s income statement (in millions):

Compute the gross profit percentage for each of the 3 years. Comment on the changes in gross profitpercentage.

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For the Year Ended January 28, 2012 $13,909 January 29, 2011January 30, 2010 $13,864 8,939 $13,568 8,790 Sales Cost of sales 8,939