Gamma Holding NV, a Dutch textile company, presented the following calculation of operating profi t in its 2009 consolidated income statement:

Required:

a. Determine whether finished products and work in progress inventory in total increased or decreased during the year.  

b. Identify the additional information that would be needed to calculate cost of goods sold for the company in 2009.    

c. Given the following assumptions with respect to the percentage of operating expenses related to manufacturing activities and nonmanufacturing activities, provide an estimate of cost of goods sold:

d. Given the estimated cost of goods sold from part (c), determine the company’s gross profit margin for 2009.

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€ × 1,000,000 Net turnover Change in finished products and work in progress Total operating income Costs of raw materials and consumables Contracted work and other external costs. Added value Personnel costs Depreciation of property, plant, and equipment Impairment of property, plant, and equipment Amortization of intangible assets Impairment of intangible assets.. Other operating expenses Other income and expense Total other operating expenses Operating result. ***** 2009 658.5 (14.3) 644.2 (212.9) (42.7) 388.6 (236.9) (29.4) (7.4) (4.2) (18.5) (100.2) 0.2 (396.4) (7.8)