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Wolverine World Wide, Inc., prides itself as being the world's leading marketer of U.S. branded non-athletic footwear. The following data (in millions) were reported for

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Wolverine World Wide, Inc., prides itself as being the world's leading marketer of U.S. branded non-athletic footwear." The following data (in millions) were reported for the third quarter of 2016: Net Sales Income Tax Expense Dividends Salaries and Wages Expense Cost of Goods Sold Interest Expense $1,416 30 22 452 B62 39 E6-18 Part 2 2-a. How much was the gross profit? (Enter your answer in millions.) 2.b. What was the gross profit percentage? (Round your percentage to 1 decimal place.) million 2-3 2.b Gross Profit Gross Profit Percentage 3. Did the gross profit percentage in the current quarter improve, or decline, relative to the 38.8% gross profit percentage in the prior quarter? Improve Decline

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