Access the SEC’s EDGAR database (www.SEC.gov) and obtain the March 19, 2012, filing of its fiscal 2012 10-K report (for year ended January 28, 2012) for J. Crew Group, Inc. (ticker: JCG).

Required Prepare a table that reports the gross margin ratios for J. Crew using the revenues and cost of goods sold data from J. Crew’s income statement for each of its most recent three years. Analyze and comment on the trend in its gross margin ratio.