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  3. the following information is taken from the 2020 a

The following information is taken from the 2020 annual report for Best Buy (amounts are...

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Accounting

The following information is taken from the 2020 annual report for Best Buy (amounts are in millions and Best Buy's 2020 Fiscal Year ended on February 1, 2020):

Interest expense $ 64 Net revenues $ 43,638
Inventory (Feb 1, 2019) 5,409 Investment income 47
Gain on Sale of Investments 1 Cost of goods sold 33,590
Selling, General, and Admin Expenses 7,998 Restructuring Expenses 41
Income tax expense 452 Inventory (Feb 1, 2020) 5,174

2. Calculate the gross profit ratio for Best Buy for the year ended February 1, 2020.

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