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:
Verified
1 a.26.7% (2,979/11,170),b.30.2% (3,328/...View Answer
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