LA Theatres Inc. has two distinct revenue sources, ticket and concession revenues. The following information from LA Theatres Inc. income statements for the past three years is available:

(a) Calculate gross profit margins for tickets and concessions for all three years. Calculate an overall gross profit margin for LA Theatres Inc. for all three years.

(b) Analyze the changes in gross profit margin for all three years.

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(in millions) Ticket revenue Concessions revenue Total revenue Cost of goods sold-tickets Cost of goods sold-concessions Total cost of goods sold Gross profit $1,731 $1,642 2024 2023 2022 $1,120 687 411 $1,531 792 $2,523 $ 951 70 $1,021 $1,502 $2,329 $ 854 69 $ 923 $1,406 $ 549 48 $ 597 $ 934