"Toys 4 U" has reported the following information on their income statements for the years 2006 through 2010:
1.Compute the gross profit percentage for
a.2012 ___________
b.2011 ___________
c.2010 ___________
d.2009 ___________
e.2008 ___________
2.Has the gross profit ratio for "Toys 4 U" improved over time or worsened? Explain your reason.

Question

Quizplus · Accepted Answer

The Answer of "Toys 4 U" has reported the following information on their income statements for the years 2006 through 2010:
1.Compute the gross profit percentage for
a.2012 ___________
b.2011 ___________
c.2010 ___________
d.2009 ___________
e.2008 ___________
2.Has the gross profit ratio for "Toys 4 U" improved over time or worsened? Explain your reason.

"Toys 4 U" Has Reported the Following Information on Their