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Dollarama Inc is Canada s largest operator of dollar stores

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Dollarama Inc. is Canada’s largest operator of dollar stores, with more than 800 stores and
operations across the country. The company’s headquarters, distribution centre, and
warehouses are located in Montreal, Quebec. Exhibit 4-19A presents the company’s
consolidated statement of net earnings and comprehensive income for the years ended
February 2, 2014, and February 3, 2013. Exhibit 4-19B is an extract from the notes to the
company’s financial statements presenting expenses by nature.Required:a. Calculate
Dollarama’s gross profit percentage for 2014 and 2013. Has it improved? What does this figure
tell us about each $1-priced item on Dollarama’s shelves?b. Dollarama presents its expenses
by function and then discloses depreciation, employee benefits, and financing costs in a note to
its financial statements. Comment on why this additional expense information is useful or
relevant to users of the company’s financial statements.c. Identify other expenses not currently
disclosed by nature that might be relevant to users of the company’s financial statements.View
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Dollarama Inc is Canada s largest operator of dollar stores with

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