The following information is for Z-Mart and its competition Diablo. 
Instructions:
(1)Calculate the dollar amount of gross margin and the gross margin ratio for each company for both years.
(2)Which company had the more favourable ratio each year?
(3)Which company had the more favourable trend over the 2-year period?
Definitions:
Leader-Member Exchange
A theory focusing on the two-way (dyadic) relationship between leaders and followers, emphasizing the significance of that relationship in organizational dynamics.
Relational Attribution
Relational attribution refers to the process of explaining social interactions or outcomes based on the relationship between the involved parties.
Distort
To twist information or facts, thus altering their original and intended meaning or perception.
Cover Up
An attempt to prevent the discovery of wrongdoing, errors, or a scandal.
Q9: Investments must be within 6 months of
Q17: When the bond contract rate is above
Q20: Purchasing treasury shares reduces retained earnings.
Q47: Drug therapy was a significant turning point
Q91: Harmony Inc.had net income of $225,300 in
Q100: On January 1,2015,Parris Corporation purchased 75% of
Q135: Dr. M. is the acting director of
Q136: Internal users of the statement of cash
Q141: Explain the amortization of bond premium.
Q167: The following information refers to Annie's Attic