Problem

This selected information is from recent annual reports of the two largest retail pharmace...

This selected information is from recent annual reports of the two largest retail pharmaceutical companies in the United States. (Dollar amounts are stated in billions.)

 

Walgreen

Company

Rite Aid

Corporation

Net sales

$63.3

$26.3

Cost of goods sold

?

19.3

Gross profit

?

?

Gross profit margin (or rate)

27.8%

?%

Total square feet of selling space

79 million

 

Sales per square foot of selling space

?

?

a.  Fill in the missing amounts and percentages. (Round all amounts to one decimal place.)


b.  On the basis of the information provided above, do you expect Walgreen or Rite Aid to be more profitable and why?

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