Cintas Corporation is the largest uniform supplier in North America. Selected information from its annual report follows. For the 2016 fiscal year, the company reported sales revenue of $4.9 billion and Cost of Goods Sold of $2.1 billion. Fiscal Year 2016 2015
Balance Sheet (amounts in millions)
Cash and Cash Equivalents $210 $435
Accounts Receivable, net 560 500
Inventory 250 230
Prepaid Rent and Other Current Assets 570 570
Accounts Payable 115 110
Salaries and Wages Payable 100 90
Notes Payable (short-term) 250 0
Other Current Liabilities 350 310

Required:
a. Calculate Dollar General’s net sales and cost of goods sold.
b. Compute the gross profit percentage.
c. Is this an improvement from the gross profit percentage of 30.7 percent earned during the previous year?

Northern lights electronics just completed plans to distribute its new tablet. the product has several unique features that differentiate it from competitor products. the marketing team plans to begin a roll-out with to only one traditional retailer for the first two months. this strategy will give consumers the perception of the product’s stand-out personality and increase demand. marketing will proceed with for the next four months, where it plans to distribute to three other retailers, as well. for the last six months of the year, it will initiate distribution agreements with discount retailers and online retailers, and any other electronics store that wants to carry it. the marketing team is confident that the tablet will cycle through the first three stages of its product life cycle quickly. as the tablet reaches maturity during the second half of its first year in the market, it is good strategy to proceed with as described above. intensive distribution; selective distribution; exclusive distribution exclusive distribution; selective distribution; intensive distribution tertiary level distribution; secondary level distribution; mono-level distribution mono-level distribution; secondary level distribution; tertiary level distribution