3 (1 point) Constellation Brands 'Gross Margin %' was in the most recent fiscal year. Constellation Brands Consolidated Income Statements In millions, except per share amounts Year ended Year ended Year ended Feb 28, 2021 Feb 28, 2020 Feb 28, 2019 Net sales $8,614.9 $8,343-5 $8,116.0 Cost of goods sold 4,148.9 4,191.6 4,035.7 Gross margin 4,466.0 4,151. 4,080.3 Selling, general and administrative expenses 1,321.5 1,188.4 1,221.0 Depreciation expense 293.8 326.5 333.1 Amortization expense 35.6 32.8 6.0 Intangible asset impairment charges 24.0 449-7 108.0 Operating income 2,791.1 2,154.5 2,412.2 Equity in earnings/(losses) of equity-method investees 150.3 (2,668.6) 2,101.6 Interest expense 385.7 428.7 367.1 Loss on extinguishment of debt 12.8 2.4 Income before income taxes Income tax expense/(benefit) 2,542.9 511.1 (945-2) Net income $2,031.8 (966.6) $21.4 1.7 4.145.0 685-9 $3,459.1 Basic earnings per share 23.6% 51.8% 42.4% 49.2% $10.44 $0.10 $18.24