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Assuming that Cost of Sales is the only variable cost, what is Lowe's Gross Margin and Gross Margin Ratio for January 31, 2020 (round GM

image text in transcribedAssuming that "Cost of Sales" is the only variable cost, what is Lowe's Gross Margin and Gross Margin Ratio for January 31, 2020 (round GM ratio to 2 decimal places)? Blank 1 should be $. Blank 2 State as a percentage and round 2 decimal places. e.g. .1234 will be 12.34

\begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Current Earnings } & \multicolumn{3}{|c|}{ January 29, 2021} & \multicolumn{3}{|c|}{ January 31, 2020} & \multicolumn{3}{|c|}{ February 1, 2019} \\ \hline & & nount & % Sales & & Amount & % Sales & & Amount & % Sales \\ \hline Net sales & \$ & 89,597 & 100.00% & \$ & 72,148 & 100.00% & \$ & 71,309 & 100.00% \\ \hline Cost of sales & & 60,025 & 66.99 & & 49,205 & 68.20 & & 48,401 & 67.88 \\ \hline Gross margin & & 29,572 & 33.01 & & 22,943 & 31.80 & & 22,908 & 32.12 \\ \hline Expenses: & & & & & & & & & \\ \hline Selling, general and administrative & & 18,526 & 20.68 & & 15,367 & 21.30 & & 17,413 & 24.41 \\ \hline Depreciation and amortization & & 1,399 & 1.56 & & 1,262 & 1.75 & & 1,477 & 2.07 \\ \hline Operating income & & 9,647 & 10.77 & & 6,314 & 8.75 & & 4,018 & 5.64 \\ \hline \end{tabular}

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