subject; accounting The following information is taken from the 2020 annual report for Best Buy (amounts are in millions and Best Buy's 2020Fiscal Year ended on February 1, 2020):Interest expenseInventory (Feb 1, 2019)Gain on Sale of InvestmentsSelling, General, and AdminExpensesIncome tax expense$ 645,4091Gross Profit Ratio7,998452Net revenuesInvestment incomeCost of goods soldRestructuring ExpensesInventory (Feb 1, 2020)$43,6384733,590415,1742. Calculate the gross profit ratio for Best Buy for the year ended February 1, 2020.

Gross profit is the difference between net sales revenue and cost of goods sold. Gross profit ratio…

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 Inventory (Feb 1, 2019) Cain on Sale of Investments $ 64 5,409 1 Selling, General, and Admini Expenses Income tax expense Gross Profit Ratio 7,998 452 Net revenues i Investment income Cost of goods sold Restructuring Expenses Inventory (Feb 1, 2020) $43,638 47 33,590 41 5,174 Calculate the gross profit ratio for Best Buy for the year ended February 1, 2020.