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Using the numbers in the recent Income Statement (Statement of Operations) of a U.S. merchandising/retail company (state page number from the Form 10-K Annual Report),

Using the numbers in the recent Income Statement (Statement of Operations) of a U.S. merchandising/retail company (state page number from the Form 10-K Annual Report), show your calculation and analyze the gross profit ratio for a public corporation and its competitor. For each ratio, describe if the company is doing well compared to its competitors ratio results.

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