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1) XYZ Corp. has reported financial results for year-end 2006. Based on following information, compute firm's gross profit margin and operating profit margin.

 

Net sales = $4,156,700                       Net income = $778,321         

 

Cost of goods sold = $2,715,334         EBIT = $1,356,098

 

a.34.7%; 32.6%

 

b.32.6%; 18.72%

 

c.34.7%; 18.72%

 

d.None of the above

 

2) Sunshine Corp has debt of= $2,834,950, total assets of= $5,178,235, sales of= $8,234,121, and net income of= $812,355. Determine firm's return on equity?

 

a. 7.1%

 

b. 34.7%

 

c. 28.1%

 

d. 43.2%

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