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Following are selected financial statement data from Capri Holdings (a retaler that owns upscale brands Metuel Kors, jiminy Choo, and Versace) and Five Below (a
Following are selected financial statement data from Capri Holdings (a retaler that owns upscale brands Metuel Kors, jiminy Choo, and Versace) and Five Below (a value-priced toy and novelty retalien. 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 grows profit as a percentage of sales for esch company for bothyears c Compute the return on equty for each compary for both yean. Notes: For gross profit, enter Capri Holdings in multions and five Beiow in thougands round zross profit percentaze and ROC to one decimal place (example: 0.2345 = 23.54) d. Which of the foltowing best explains why the ratios for Five Below and Capri Holdings differ
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