PGJ is a large producer of food products. In 2012, the percentage breakdown of revenues and profits was as follows:

International operations account for about 22 percent of sales and 17 percent of operating profit. For the 2008—2012 fiscal years, the number of shares outstanding (in millions) and selected income statement

a. For each year calculate operating income as a percentage of revenues.

b. Net profits after tax as a percentage of revenues.

c. After-tax profits per share outstanding (EPS). The balance sheet data for the same fiscal years (in millions of dollars) were as follows:

d. Calculate the ratio of current assets to current liabilities for each year.

e. Calculate the long-term debt as a percentage of common equity.

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Revenues(%) Packaged foods Coffee Processed meat Food service-other 41 28 19 12 100 Profits (%) 62 19 13 100 Net Income Int. Before After TaxTax $77 S31 S452 $232 470 256 473 255 49.45201 8,351 694 283 131152418221 535 289 Shares er Cap Exp. Deprec. Exp Outst. Year Revenues Inc. 49.93 49.97 49.43 2008 S5.472 524 $121 2009 5,960 2010 6,601 534 262 78 39 565 187 89 50 51.92 2012 8,256 721 266133139 Year Cash Assets Liabilities Total Assets Long-Term Debt Common Equity S1,321 UI 2008 S291 S1,736 S845 $2,565 $251 2009 178 1,9 1,047 20103092,019 2011 163 2,2541,215 2012 2852,3151.342 2,978 3.103 3.861 4,310 255 391 731 736 1,480 1.610 1.626 1.872 929