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Toy World operates more than 1,500 stores in the United States and abroad. Like most retailers, the managers of Toy World monitor the company's gross

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Toy World operates more than 1,500 stores in the United States and abroad. Like most retailers, the managers of Toy World monitor the company's gross margin percentage. The following information is from the company's income statement (in millions): Click the icon to view the income statement information.) Requirement 1. Compute the gross profit percentage for each of the 3 years. Comment on the changes in gross profit percentage. Begin by identifying the formula, then compute the gross profit percentage for each of the three years beginning with 2010. (Round your answers to two decimal places (XXX%). -Gross profit percentage 2010 2011 2012 mlion I milion mlion I million mion - mlion - The gross profit percentage

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