Solution-Calculate the gross profit margin and profit margin

Calculate the gross profit margin and profit margin

Assignment Help Accounting Basics

Reference no: EM131797640

Assignment

Lululemon athletica inc. reported the following information (dollars in US thousands) for the three fiscal years ended:

	February 1, 2015	February 2, 2014	February 3, 2013
Net sales	$1,797,213	$1,591,188	$1,370,358
Cost of goods sold	883,033	751,112	607,532
Profit from operations	376,033	391,358	376,439
Profit	239,033	279,547	271,431

Calculate the gross profit margin and profit margin for lululemon for each of the three years. (Round answers to 1 decimal place, e.g. 52.7%.)

Recalculate profit margin using profit from operations as opposed to profit. (Round answers to 1 decimal place, e.g. 52.7%.)

Comment on whether the ratios improved or weakened over the three years.

Reference no: EM131797640

Questions Cloud

Prepare a formal report addressed to the cfo : Prepare a formal report addressed to the CFO of Old Line formally articulating your analysis and recommendations to Old Line

Samples of commuter and residential students : Is the difference between these randomly selected samples of commuter and residential students significant?

How much income does john have : For tax purposes, how much income does John have if the benefit discriminates in favor of key employees, but Sean is not a key employee

Determine who has what levels of authorization : With the information provided above, determine who has what levels of authorization (Remember there are three levels of authorization).

Calculate the gross profit margin and profit margin : Lululemon athletica inc. reported the following information. Calculate the gross profit margin and profit margin for lululemon for each of the three years.

What is meant by the contingent workforce : List five workplace competencies that SCANS defined as necessary for workers to be productive in the workplace?

Determining the age-integrated communities : Are senior citizens who live in retirement communities more socially active than those who live in age-integrated communities?

What is your estmated present value of your lifetime pension : What is your estmated present value of your lifetime pension annuity in today's dollars

What was the motivation for the federal securities acts : What was the motivation for the Federal Securities Acts of 1933 and 1934? What was the rationale for the Williams Act?

User Account

All Pages

Calculate the gross profit margin and profit margin

Reference no: EM131797640

Reference no: EM131797640

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT