Magna International Inc. is a leading global supplier of technologically advanced automotive components, systems, and modules. Selected financial information (in US$ millions) follows:

Instructions
a. Calculate the gross profit margin, profit margin, and current ratio for each year.
b. Comment on whether the ratios have improved or deteriorated over the three years.

Taking It Further

Assume you are thinking about investing in Magna International Inc. What other information would be useful in assessing these ratios?

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Sales Cost of goods sold Profit for the year Current assets Current liabilities 2019 $39,431 34,022 1,765 10,745 8,529 2018 $40,827 35,055 2,296 11,834 10,304 2017 $36,588 30,895 2,196 11,200 9,243