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a) Gildan reports net sales on its consolidated statements of earnings. Explain what this mears. b) Gaiculate the amount of Gildan's gross proft percentage for

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a) Gildan reports "net sales" on its consolidated statements of earnings. Explain what this mears. b) Gaiculate the amount of Gildan's gross proft percentage for 2020 and 2019 . Has it improved? Calculate the amount of Gildan's gross profit percentage for 2020 and 2019. Has it improved? c) Using the financial statements in Appendix A, calculate Dollarama's gross profit percentages for the same periods. How do they compare with Gildan's percentages? d) Does Glidan prepare its consolidated statements of earnings using a single-step or a muilt-step approsch? c) Does Gidan present its expenses by function or by nature? Does this approsch require a higher level of management fudgement when preparing the statement? a) Gildan reports "net sales" on its consolidated statements of earnings. Explain what this mears. b) Gaiculate the amount of Gildan's gross proft percentage for 2020 and 2019 . Has it improved? Calculate the amount of Gildan's gross profit percentage for 2020 and 2019. Has it improved? c) Using the financial statements in Appendix A, calculate Dollarama's gross profit percentages for the same periods. How do they compare with Gildan's percentages? d) Does Glidan prepare its consolidated statements of earnings using a single-step or a muilt-step approsch? c) Does Gidan present its expenses by function or by nature? Does this approsch require a higher level of management fudgement when preparing the statement

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