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Refer to Lowes Statement of Earnings for the period ending February 1, 2013. What is the gross margin for the fiscal year? Explain how this

Refer to Lowe’s Statement of Earnings for the period ending February 1, 2013.

What is the gross margin for the fiscal year? Explain how this ratio is computed. Compare it to the gross margin of Home Depot for year ending 2012. Comment on similarities or differences.

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