Making Business Decisions: Analyzing Wal-Mart's Gross Profit Ratio You are considering an investment in the common stock of Wal-Mart. The following information is from the consolidated of Wal-Mart Stores, Inc. and Subsidiaries for the years ended January 31, 2016 and 2015 and the consolidated statements of operations for its competitor Target Corporation for the years ended January 30, 2016, and January 31, 2015 (included in the companies Form 10-Ks, amounts in millions of dollars): statements of income Wal-Mart Target Year Ended Year Ended Year Ended Year Ended in millions) January 31, 2016January 31, 2015 January 30, 2016 January 31, 2015 Sales* $478,614 360,984 $482,229 365,086 $73,785 51,997 $72,618 51,278 Cost of sales Described as net sales b Wal-Mart. Required: 1. Calculate the gross profit ratios for Wal-Mart and Target for 2016 and 2015. Enter the amounts as a percent, rounded to one decimal 24.50 X% Wal-Mart's 2016 gross profit ratio: Wal-Mart's 2015 gross profit ratio: Target's 2016 gross profit ratio: Target's 2015 gross profit ratio: 2. Which company appears to be performing better? % 11:2 10/1