Question

Tidy work and explanation plz

Steele Inc. Consolidated Income Statements (in thousands except per share amounts) 2019 2018 2017 Net sales $7,245,088 $6,944,296 $6,149,218 Cost of goods sold (5,286,253) (4,953,556) (4,355,675) Gross margin $1,958,835 $1,990,740 $1,793,543 General and administrative expenses (1,259,896) (1,202,042) (1,080,843) Special and nonrecurring items 2,617 Operating income $701.556 $788,698 $712,700 Interest expense (63,685) (62,398) (63,927) Other income 7,308 10,080 11,529 Gain on sale of investments 9,117 Income before income taxes $645,179 $745,497 $660,302 Provision for income taxes (254,000) (290,000) (257,000) Net Income $391,179 $455,497 $403,302 Steele Inc. Consolidated Balance Sheets (in thousands) ASSETS Dec 31, 2019 Dec 31, 2018 Current assets: Cash and equivalents $320,558 $41,235 Accounts receivable 1,056,911 837,377 Inventories 733,700 803,707 Other 109,456 101,811 Total current assets $2,220,625 $1,784,130 Property and equipment, net 1,666,588 1,813,948 Other assets 247,892 248,372 Total assets $4,135,105 $3,846,450 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $250,363 $309,092 Accrued expenses 347,892 274,220 Other current liabilities 15,700 Income taxes 93,489 137,466 Total current liabilities $707,444 $720,778 Long-term debt 650,000 541,639 Deferred income taxes 275,101 274,844 Other long-term liabilities 61,267 41,572 Total liabilities 1,693,812 1,578,833 Stockholders' equity: Preferred stock $100,000 $100,000 Common stock 89,727 89,727 Additional paid-in capital-common stock 128,906 127,776 Retained earnings 2,397,112 2,136,794 $2.715,745 52,454,297

Answer 1

2019 2018 Gross Profit Percentage 27.04% 28.67% Operating Margin Pexentage 9.68% 11:36% Net Prokt Margin Percentage 5.40% 6.56% Retion on assets. 9.46% 11.84% Return on equity 16.02% 20.09%

Gross Profit Percentage .. Gross Margin Net sales X100 2019 2018 → 519 58835 woo $7245088 $1990740 $6944296 → = 27.04% 28.67% 1 Operating Margin Percentage Operating Income Net Sales $901556 2019 2018 $788695 $701, 556 x 100 $7245, 088 X700 $6,944,296 9.68% - 11.36%

Net Profit Margin Percentage Net Net Income Sales x 100 2017 2018 $391,179 -X100 $455, 497 $6,944,296 100 $ 7,245, 088 5.40% → 6.56%. Return on assets Net Income X100 Total assets 2018 2019 $391179 X/00 $ 455,497 -X10C $$ 3,846,450 $4, 135, 105 9.46% >> 11.84 % Return -X100 2018 on Equity Net Income Shareholder's equity 2019 $ 391,179 $455, 497 --X100 $ 2,441,293 $2,267,617 6.02% => 20.09%