Let's Assume for the Year Ended February 1,2018,that Rowna Inc

Essay

Let's assume for the year ended February 1,2018,that Rowna Inc reported net income of $2.2 billion on sales of $71.3 billion.If the company's cost of sales that year was $47.3 billion,what was the company's gross profit percentage and net profit margin? If sales were $77.3 billion in the prior year,what was the year-over-year percentage decrease in the most recent year?