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3. The below table reflects a portion of the most recent Income Statements for 3 major hardware stores. If I compared them using the below

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3. The below table reflects a portion of the most recent Income Statements for 3 major hardware stores. If I compared them using the below dollar amounts, it would be like comparing apples to oranges. However, by using financial ratios, we can compare apples to apples. A. Calculate the Gross Profit Percentage (GPP) for each company (round to one-tenth of a percent XX.X%). (3 pts) B. Narratively, compare the 3 calculated percentages. Some ideas: What does the GPP tell us about these companies? Which company is doing the bet? Which is the worst? What could the worst company do to improve their GPP? Etc. (4 pts) Hardware Stores' Financials Fiscal Year 2020 Home Lowe's Ace Depot Hardware (dollars in millions) Net Sales $ $ $ Revenues 132,110 89,597 7,763 Cost of Goods Sold 87,257 60,0256,549 Gross Profit $ $ $ 44,853 29,572 1,214

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