Essay
"Toys 4 U" has reported the following information on their income statements for the years 2006 through 2010:
1. Compute the gross profit percentage for a. 2012 ________
b. 2011 ________
c. 2010 ________
d. 2009 ________
e. 2008 ________
2. Has the gross profit ratio for "Toys 4 U" improved over time or worsened? Explain your reason.
Correct Answer:
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1 a. 26.7% (2,979/11,170), b. 30.2% (3,3...View Answer
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