1. Compute the gross profit percentage for each year. Assuming that the change from 2017 to 2018 is the beginning of a sustained trend, is Fossil likely to earn more or less gross profit from each dollar of sales in 2019? 87 13

2. Compute the net profit margin for each year. Did Fossil do a better or worse job of controlling expenses other than the costs of crude oil and products in 2018 relative to 2017.

3. Fossil reported average net fixed assets of $368 billion in 2018 and $366 billion in 2017. Compute the fixed asset turnover ratios for both years. Did the company better utilize its investment in fixed assets to generate revenues in 2018 or 2017?

4. Fossil reported average stockholders' equity of $178 billion in 2018 and $174 billion in 2017. The company has not issued preferred stock. Compute the return on equity ratios for both years. Did the company generate greater returns for stockholders in 2018 or 2017? $ 13 Complete this question by entering your answers in the tabs below. 1-a. Compute the gross profit percentage for each year. (Round percentage values to 1 decimal place.) 1-b. Assuming that the change from 2017 to 2018 is the beginning of a sustained trend, is Fossil likely to earn more or less gross profit from each dollar of sales in 2019?

The average price of a gallon of gas in 2018 increased $0.30 (12.4 percent) from $2.42 in 2017 to $2.72 in 2018 . Let's see whether these changes are reflected in the income statement of Fossil Company for the year ended December 31,2018 (amounts in billions). Required: 1. Compute the gross profit percentage for each year. Assuming that the change from 2017 to 2018 is the beginning of a sustained trend, is Fossil likely to earn more or less gross profit from each dollar of sales in 2019? 2. Compute the net profit margin for each year. Did Fossil do a better or worse job of controlling expenses other than the costs of crude oil and products in 2018 relative to 2017. 3. Fossil reported average net fixed assets of $368 billion in 2018 and $366 billion in 2017 . Compute the fixed asset turnover ratios for both years. Did the company better utilize its investment in fixed assets to generate revenues in 2018 or 2017 ? 4. Fossil reported average stockholders' equity of $178 billion in 2018 and $174 billion in 2017 . The company has not issued preferred stock. Compute the return on equity ratios for both years. Did the company generate greater returns for stockholders in 2018 or 2017 ? Complete this question by entering your answers in the tabs below. 1-a. Compute the gross profit percentage for each year, (Round percentage values to 1 decimal place.) 1-b. Assuming that the change from 2017 to 2018 is the beginning of a sustained trend, is fossil likely to carn more or less gross profit from each dollar of sales in 2019 ? 1. Compute the gross profit percentage for each year. Assuming that the change from 2017 to 2018 is the beginning of a sustained trend, is Fossil likely to earn more or less gross profit from each dollar of sales in 2019? 2. Compute the net profit margin for each year. Did Fossil do a better or worse job of controlling expenses other than the costs of crude oil and products in 2018 relative to 2017. 3. Fossil reported average net fixed assets of $368 billion in 2018 and $366 billion in 2017 . Compute the fixed asset turnover ratios forboth years. Did the company better utilize its investment in fixed assets to generate revenues in 2018 or 2017? 4. Fossil reported average stockholders' equity of $178 billion in 2018 and $174 billion in 2017 . The company has not issued preferred stock. Compute the return on equity ratios for both years. Did the company generate greater returns for stockholders in 2018 or 2017? 1. Compute the gross profit percentage for each year, Assuming that the change from 2017 to 2018 is the boginning of a sustained trend, is Fossil likely to earn more or less gross profit from each dolar of sales in 2019 ? 2. Compute the net profit margin for each year. Did Fossil do a better or worse job of controlling expenses ather than the costs of crube oil and products in 2018 relative to 2017. 3. Fossil reported average net fored assets of $368 billion in 2018 and $366 billion in 2017 . Compute the fined asset turnover zatios for both years. Did the company better utilize its ipwestrent in fixed assets to generate revenues in 2018 or 2017 ? 4. Fossil teported averoge stockholders' equity of $178 bilion in 2018 and $174 billion in 2017 . The company has not issued proferned stock Compute the retum on equity ratios for both years. Did the company penerate greater returns for stocktholiders in 2018 or 2017 ? Comptete this question by entering your answers in the tabs below. 1-3. Compute the gross prent percovtoge for each yeat (Round percentage valies to t decimal place.) grose broht from epch scolar of soles in 2010 ? 1. Compute the gross profit percentage for each yeat. Assuming that the change from 2017 to 2018 is the beginning of o sustained trend. is Fossh likely to earn more or less gross profit from each dotlar of sales in 2019 ? 2. Compute the net profin magin for eachyeor. Did Forsill do at better of worse job of contraling expenses other than the casts of crude olf and products in 2018 relative to 2017. 3. Fossi feported averege net fimed assets of $368 bilion in 2018 and $366 bilion in 207 . Compute the fixed asset tumover ratios for both years. Dit the company better utilize its investment in fixed assets to generate revenues in 2018 or 2017 ? 4. Fossit reported average stockholders' equily of $178 billion in 2018 and $174 biltion in 2017 , The compspy has not issued prefterred stock. Compute the retura on equity ratios for both years. Did the company generace greater returns for stockholders in 2018 or 2017 ? Complete this question by entering your anvwers in the tabs below. to 2017 . Required: 1. Compute the gress profit percentage for each yeac. Assuming that the change from 2017 to 2018 is the begining of a sustalned teond, is Fossil thely to earn more or less gross profit from each dolar of sales in 2019? 2. Compute the net profit margin for each year. Did Fossil do a better or worse job of controling oxpenses other than the costs of cude of and pecducts in 2018 relotive to 2017 . 3. Fossil reported woerege net fred assets of $368 bilion in 2018 and $366 bilion in 2017 . Compute the ficod asset tumover natios for both years. Did the compary bettes ubize its imestment in fixpd assets to generate revenues in 2018 or 2017 ? 4. Foss? reported swerage stockholders equity of $178 billion in 2018 and $174 billion in 2017 , The company has not issued preferred stock. Compute the setum on equity eatios for both years. Did the company generate grester returns for stockholders in 2013 or 2017? Cemplete this question by estering your answers in the tabs below. 1. Compute the gross profit percentage for each year. Assuming that the change from 2017 to 2018 is the beginning of a sustained trend. is Fossil likely to earn more or less gross profit from each dollar of sales in 2019? 2. Compute the net profit margin for each year. Did Fossil do a better or worse job of controlling expenses other than the costs of crude oll and products in 2018 relative to 2017 3. Fossil reported average net fixed assets of $368 billion in 2018 and $366 billion in 2017 . Compute the fixed asset turnover ratios for both years, Did the company better utilize its investment in foxed assets to generate revenues in 2018 or 2017 ? 4. Fossil reported averoge stockholders' equity of $178 billion in 2018 and $174 billion in 2017 . The company has not issued preferred stock. Compute the return on equity ratios for both years. Did the company generate greater returns for stockholders in 2.018 or 2017? Complete this question by entering your answers in the tabs below. 4-3. Fossll reported averoge ttockholders' equity of $178 billion in 2018 and $174 bition in 2017, The company has not issued preferred stock. Compute the return on equity ratios for both years. (Round percentage values to 1 decimal place.) 4.6. Did the company penerate greater returns for stockholders in 2018 or 2017