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

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

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Instructions

a. Calculate the gross profi t margin and profi t margin for lululemon for each of the three years.

b. Recalculate profit margin using profit from operations as opposed to profit.

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

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Related Book For  book-img-for-question

Accounting Principles Volume 1

ISBN: 978-1119502425

8th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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