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Show macy gross margin trend

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Reference no: EM132540652

Macy's reported the following operation data in FY 2014 and 2015.

MACY'S, INC.

All amounts are in millions of US Dollars.

                                                     FY 2015                               FY 2014

Revenue                                27,079.00                     28,105.00

Cost of Goods Sold                    16,496.00                  16,863.00

Gross Margin                              10,583.00                 11,242.00

SG&A Expense                              8,256.00                   8,355.00

Operating Profit                            2,039.00                    2,800.00

Source: Hoovers

Note: "Revenue" = Net Sales, and "SG&A Expense" (Sales, General & Administrative Expense) = Operating Expenses

Question a. What is the profit% Macy's achieved in 2015?

Question b. Show Macy's Gross Margin Trend between 2014 and 2015 and interpret the meaning of the trend figure obtained (i.e., Increased? Decreased? How much? etc.)

Reference no: EM132540652

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