P$5-3($Algo$)$ Preparing a Classified $($Multiple$-$Step$)$ Income Statement and Interpreting Percentage LO$5-3$

The Max, Incorporated, is a leading fashion retailer that offers customers an extensive selection of high$-$quality fashion brands focused on apparel, shoes, cosmetics$,$ and accessories for women, men, young adults and children. The items reported on its income statement for an earlier year $($ended February $1)$ are presented here $($dollars in millions$)$ in simplified form in alphabetical order:

$\backslash$table$[[$Cost of goods sold,$$10,676$