Select a public company in which you may have an interest that has inventory on the balance

Question:

Select a public company in which you may have an interest that has inventory on the balance sheet.
Go to the most recent annual report and review the data on the most recent income statements.
REQUIRED:
A) Identify the company you chose, the URL and the page # where you found the income statement
B) Calculate the Profit Margin Rate for each of the three years as well as the gross profit rate (show calculations.)
C) Discuss whether this is a favorable or unfavorable trend.
Do you know what has happened to this company that may account for this trend? (Multiple responses are expected so please select different companies.)