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also recalculate profit margin using profit from operations as opposed to profit. lululemon athletica inc. reported the following information (in US$thousands) for the three fiscal

also recalculate profit margin using profit from operations as opposed to profit. image text in transcribed
lululemon athletica inc. reported the following information (in US$thousands) for the three fiscal years ended: January 29, 2017 Net sales Cost of goods sold Profit from operations Profit January 28 2018 $2,649,181 1,250,391 456,001 258,662 $2,344,392 1.144.775 421,152 303,381 January 31, 2016 $2,060,523 1,063,357 369,076 266,047 Calculate the gross profit margin and profit margin for lululemon for each of the three years. (Round answers to place, e.g. 52.7%.)

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