1. Calculate the following ratios for the most recent year, and interpret/comment on what those results of your ratio analysis indicate about the financial aspect measured.

a. Gross profit margin

b. Net profit margin

c. Times interest earned

Consolidated Statements of Earnings In thousands, except per share amounts Net revenues Cost of goods sold Gross profit Selling, general and administrative expenses Operating income Interest income) expense, net Earnings before income taxes Income taxes Net earnings Basic earnings per share Diluted earnings per share Shares used in calculation of earnings per share: Basic Diluted Fiscal 2019 (52 weeks) $ 5,898,008 3,758,916 2,139,092 1,673,218 465,874 8,853 457,021 100,959 Fiscal 2018 (53 weeks) $ 5,671,593 3,570,580 2,101,013 1,665,060 435,953 6,706 429,247 95,563 Fiscal 2017 (52 weeks) $ 5,292,359 3,360,648 1,931,711 1,477,900 453,811 1,372 452,439 192,894 259,545 S 3.03 $ 3.02 $ 356,062 333,684 $ $ $ 4.10 4.56 4.49 $ $ 4.05 78,108 79,225 81,420 82,340 85,592 86,080 See Notes to Consolidated Financial Statements