FINANCIAL HIGHLIGHTS The following graphs contain figures that are not prepared in conformity  with Generally Accepted Accounting Principles (’’GAAP’’). See page S30 for a  reconciliation of the difference between the GAAP and the non-GAAP figures. Gross Profit as a Percentage of Sales 2000 47.3% 2001 53.2% 2002 57.5% 2000 6.8% 2001 7.9% 2002 9.3% Edwards’ 19% R&D growth in 2002 signifies its commitment to enriching its product pipeline. Again in 2002, Edwards improved its gross  profit margin through strong sales of higher- margin Cardiac Surgery products. R&D as a Percentage of Sales 