Problem

Evaluating PerformanceThese selected statistics are from recent annual reports of two well...

Evaluating Performance

These selected statistics are from recent annual reports of two well-known retailers:

 

Walmart

Target

Percentage increase (decrease) innet sales

1%

1%

Percentage increase (decrease) in gross profit rate

2.4%

2.6%

Percentage increase (decrease) incomparable store net sales

-0.8%

-2.5%

a.  Explain the significance of each of these three measures.


b.  Evaluate briefly the performance of each company on the basis of these three measures.

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