(Solution) - Two major consumer electronics retailers are Best Buy and Circui -(2025 Original AI-Free Solution)

Paper Details

Two major consumer electronics retailers are Best Buy and Circuit City Stores, Inc. Recent fiscal year-end income statements for both companies for a three-year period shown below and at the top of page 260.
1. Prepare a graph displaying the years 2002, 2003, and 2004 on the x-axis and the gross profit to sales ratio for Best Buy and Circuit City on the y-axis. Connect the ratio for each company with a line. Thus, the graph will display two lines, one for each company.
2. Prepare a second graph displaying the years 2002, 2003, and 2004 on the x-axis and the operating profit to sales ratio for Best Buy and Circuit City on the y-axis. Connect the ratio for each company with a line. Thus, the graph will display two lines, one for each company.
3. Interpret yourgraphs.