K Your comparison of the gross margin percent for Jones Drugs for the years 2016 through 2019 indicates a significant decline. This is shown by the following information (Click the icon to view the data and additional discussion with the controller) The following additional information is obtained from independent sources and the cent records as a means of investigating the controller's explanations (Click the icon to view the additional information) Requirement a. Evaluate the explanation provided by Anand Sh Begin by computing the gross margin percentage for drug and no Gross margin % Gross margin %. Year Drug sales Nondrug sales 2019 97 31 % 54.90 % 2018 92.00% 59.12 2017 86.00% 62.48 2016 73.70% 41.50 Data table Sales (thousands) 5 CGS (thousands) Gross margin Percent More info Jones Drugs (S in thousands) Drug Sales Nondrup Sales Drug Cost of Goods Sold Nondrug Cost of Goods Sold Industry Gross Profit Percent for Retailers of Drugs and Related Products 2019 $ 5,126 $ 9.085 3,045 $ 6.178 327 2018 5,051 7165 2,919 5347 328 2017 4821 6641 2791 4522 330 2016 4019 5,732 2005 3.900 232 2019 2018 2017 2016 14.211 S 12.916 $ 11,462 $ 10351 9.223 1206 7:315 6.573 4500 4.050 S 4149 5 3.778 351 360 362 365 Print Done Cleat all Check answer 11:18 AM