DISCUSS THE ECONOMIC INTERPRETATION OF THESE RESULTS: Kohls Corp. 1. Gross Profit/Net Sales = Gross Profit Margin 2014: 6,925,000/19,023,000 = .364 = 36% 2013: 6,944,000/19,031,000 = .364 = 36% 2012: 6,990,000/19,279,000 = .362 = 36% 2. Operating Income/Net Sales = Operating Income Margin 2014: 1,689,000/19,023,000 = .0887 = 8.9% 2013: 1,742,000/9,031,000 = .0915 = 9.2% 2012: 1,890,000/19,279,000 = .0980 = 9.8% 3. Net income/Net Sales = Net Income Margin 2014: 867,000/ 19,023,000 = .0455 = 4.6% 2013: 889,000/19,023,000 = .0467 = 4.7% 2012: 986,000/19,279,000 = .0511 = 5.1% Sheet11M1F2M2F3M3F4M4F5M5F6M6F2753120737238711610921143670547016118493920715962284081535715684246255180105921779121613273082531720868166101008413618563851989951246083657111935427094005518857224971593197832799718712124601373967241579020565187971727150042168826451254331200217155223761543017865210342010410171377861215180771570210344935111552130352415017225313271057583912131911661981176941174824834245471435687581288019763175721962412387168121216977472271220571110712524626429133972992021066155813852208581224017799842721966187762179132291238581164831891003113182699811680158639789123205269258621037913260891824876108181254931127198391238417183157502287164956272126501701485722201811576110104288265338153100472168323511694216624177071115612398261397015155691915360172539513915229113512512015204442939681141118338363451738418160256937415183931005423079202422302068581774022482133837642163633998248141011718602240247309186261999216459212931263919287202061651854881469911181492619928125621097410351168741377099602145053191412826615154225255886616135299401111814602103452188529011108272073484194970183601351610009170851258477711779110710123451283135142139321276467925596150111737996713593222019086261941146715691439417011157285909268521067118372237941190728575192301062317639134621365723689831923557171082038816616124742142011769160461365623852130521356021261268465112823111276120981887612964173868034106011445619643138253378979877845812411067217479274870925638779618527266012054710508695209101147817835171901190923668756602514030105782973016075568312975799014821209811678983721412416667154771693793081719122942534210483190498380129851272919377202241674118360189201176715872164179643242611379318717236387888741590812685243497755149811882117646972516741406916255110332063516072288381037216154164143815416869414819017255101624853223764934869920217427244801139546978315532583518667103027059156862516810072161436885147302084828117 Sheet2 Sheet3 .

1. DISCUSS THE ECONOMIC INTERPRETATION OF THESE
RESULTS: Kohls Corp.
1. Gross Profit/Net Sales = Gross Profit Margin
2014: 6,925,000/19,023,000 = .364 = 36%
2013: 6,944,000/19,031,000 = .364 = 36%
2012: 6,990,000/19,279,000 = .362 = 36%
2. Operating Income/Net Sales = Operating Income Margin
2014: 1,689,000/19,023,000 = .0887 = 8.9%
2013: 1,742,000/9,031,000 = .0915 = 9.2%
2012: 1,890,000/19,279,000 = .0980 = 9.8%
3. Net income/Net Sales = Net Income Margin
2014: 867,000/ 19,023,000 = .0455 = 4.6%
2013: 889,000/19,023,000 = .0467 = 4.7%
2012: 986,000/19,279,000 = .0511 = 5.1%
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Sheet2
Sheet3