Reference no: EM131790630

FA 4-1 gross profit percent, average markup percent, and ratio of sales to assets CVS Caremark Corporation operates over 7,000 pharmacies and is a major competitor of Walgreen Co. The following data (in millions) were adapted from recent financial statements Obj | 8  of CVS. Year 2 Year 1 Net sales $107,100 $95,778 Cost of merchandise sold 86,539 75,559 Gross profit $ 20,561 $20,219 Average total assets $ 63,356 $61,905 1. Compute the gross profit percent for Years 1 and 2. Round to one decimal place. 2. Compute the average markup percent for Years 1 and 2. Round to one decimal place. 3. Compute the ratio of sales to assets for Years 1 and 2. Round to two decimal places. 4. Compare the results in parts (1), (2), and (3) for Years 1 and 2. Comment on your comparison.