Swifty Inc. and Blue Spruce Corporation are Canadian fertilizer companies. The following information has been taken from their financial statements for the fiscal years ended December 31. All figures are in millions of dollars.

BLUE SPRUCE		2021		2020		2019
Net sales		$8,361.0		$5,009.2		$3,389.9
Gross profit		5,397.9		1,766.8		994.0
Profit		3,792.8		1,129.4		672.8

SWIFTY		2021		2020		2019
Net sales		$9,424		$5,519		$3,898
Gross profit		3,239		1,597		951
Profit		1,365		457		32

Calculate both companies gross profit margin and profit margin for the years 2019 through 2021. (Round answers to 1 decimal place, e.g.52.7%.)

BLUE SPRUCE		2021		2020		2019
Gross profit margin		%		%		%
Profit margin		%		%		%

SWIFTY		2021		2020		2019
Gross profit margin		%		%		%
Profit margin		%		%		%

eTextbook and Media

Determine which company had the best performance for profitability in each year.

		2021		2020		2019
Gross profit margin		Blue SpruceSwifty		SwiftyBlue Spruce		SwiftyBlue Spruce
Profit margin		Blue SpruceSwifty		Blue SpruceSwifty		Blue SpruceSwifty

eTextbook and Media

Using horizontal analysis, calculate the percentage change between the following years: 2019 and 2020; 2020 and 2021 for both companies. (Round answers to 1 decimal place, e.g.52.7%.)

BLUE SPRUCE		2021			2020
Net sales			%			%
Gross profit			%			%
Profit			%			%

SWIFTY		2021			2020
Net sales			%			%
Gross profit			%			%
Profit			%			%

eTextbook and Media

Using the information in the horizontal analysis, identify the company that had the most improvement in net sales, gross profit margin and profit margin in 2020 and 2021.

		2021		2020
Net sales		Blue SpruceSwifty		Blue SpruceSwifty
Gross profit		SwiftyBlue Spruce		Blue SpruceSwifty
Profit margin		SwiftyBlue Spruce		Blue SpruceSwifty