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  3. lululemon athletica inc. reported the following in

lululemon athletica inc. reported the following information (in US$ thousands) for the three fiscal years...

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Accounting

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lululemon athletica inc. reported the following information (in US$ thousands) for the three fiscal years ended: January 29, 2017 January 31, 2016 January 28, 2018 $2,649,181 1,250,391 $2,344,392 Net sales Cost of goods sold Profit from operations $2,060,523 1,144.775 1,063,357 456,001 421,152 369,076 Profit 258,662 303,381 266,047 Calculate the gross profit margin and profit margin for lululemon for each of the three years. (Round answers to 1 decimal place, eg. 52.7%.) 2018 2017 2016 Gross profit margin % % % Profit margin % % % Recalculate profit margin using profit from operations as opposed to profit. (Round answers to 1 decimal place, e.g. 52.7%.) 2018 2017 2016 Profit margin (Profit from operations) % % Comment on whether the ratios improved or weakened over the three years. Gross profit margin Profit margin Profit margin (Profit from operations)

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