eBook Print D Question 3 Net complete Marked out of 13.00 PF question 3 Comparing Ratios for Luxury and Budget Retailers Following are selected financial statement data from Capri Holdings (a retailer that owns upscale brands Michael Kors, Jimmy Choo, and Versace) and Five Below a value-priced toy and novelty retailer) Capri Holdings Five Below (5 millions) (s thousands) 2018 2017 2018 2017 Sales 349545 54,718.4 51637541 5142118 Cost of sales 1,995 1966 1064091 871831 Net income 5901 160120 109623 Average equity 1953 1883.7 414731 Required a. Calculate the gross profit for each company for both years. Gross profit is equal to sales minus the cost of sales b. Calculate gross profit as a percentage of sales for each company for both years. c. Compute the return on equity for each company for both years, Notes: For gross proft, enter Capri Holdings in millions and Five Below in thousands Round gross profit percentage and ROE to one decimal place example: 0.2345 23.5%) Capri Holdings Five Below 2011 2017 2011 2017 a Gross profit DS 03 0 Gross profit percentage 0 ON 0 O O Return on equityton ON D DO 882 SY