Refer to the income statements of Pet Smart, Inc., included in the company's financial statements in Appendix

Question:

Refer to the income statements of Pet Smart, Inc., included in the company's in Appendix B at the back of the text.
Required:
1. What was the percentage increase or decrease in the company's net income from the fiscal year ended February 3, 2013, to the fiscal year ended February 2.2014? From 2012 to 2013?
2. Using data from the fiscal year ended February 2, 2014, what is the company's approximate income tax rate?
3. Using data from the fiscal year ended February 2, 2014, what is the percentage of net income relative to net sales?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...