Calculating
Gross Profit Margin and Inventory Turnover
The following table presents sales revenue, cost of goods sold, and
inventory amounts for three retailers of fine jewelry, Tiffany
& Co., Zale Corporation, and Blue Nile, Inc. (an Internet
retailer).
($ millions)
2013
2012
Tiffany & Co.
Revenues
$4,585
$4,017
Cost of goods sold
1,776
1,674
Inventory
2,489
2,347
Zale Corporation
Revenues
$1,973
$1,910
Cost of goods sold
989
949
Inventory
823
769
Blue Nile, Inc.
Revenues
$505
$443
Cost of goods...