The following data (in millions) is taken from the financial statements of RONA inc. for years ended

Question:

The following data (in millions) is taken from the financial statements of RONA inc. for years ended 2011 and 2010.

a. For RONA, comparing 2011 with 2010, determine the amount of change in millions and the percent of change for:
1. Net sales (revenues)
2. Total operating expenses
b. What conclusions can you draw from your analysis of the net sales and the total operating expenses?

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