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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 59
Access the SEC's EDGAR database ( www.SEC.gov ) and obtain the March 24, 2014, filing of its fiscal 2014 10-K report (for year ended February 1, 2014) for J. Crew Group, Inc. (ticker: JCG).
Required
Prepare a table that reports the gross margin ratios for J. Crew using the revenues and cost of goods sold data from J. Crew's income statement for each of its most recent three years. Analyze and comment on the trend in its gross margin ratio.
Required
Prepare a table that reports the gross margin ratios for J. Crew using the revenues and cost of goods sold data from J. Crew's income statement for each of its most recent three years. Analyze and comment on the trend in its gross margin ratio.
Explanation
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Gross margin ratio (GMR) is ratio that i...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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