1. Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compute the gross profit percentage to the nearest hundredth of a percent.

Net income	Gross profit on sales	Average total assets	Sales	Tax rate on operating profit
$69,960	$700,400	$360,600	$1,356,504	35%

Select one:

A. 5.16%

B. 9.99%

C. 51.63%

D. 33.56%

2. Which ratio can provide an indication of the salability of the company's products?

Select one:

A. Current ratio

B. Account receivable turnover

C. Gross profit margin

D. Inventory turnover

3. Which of the following is one measure of liquidity?

Select one:

A. Debt-to-equity ratio

B. Times-interest-earned ratio

C. Quick ratio

D. None of the above

4. Krogen Grocer's 2016 balance sheet shows average stockholders equity of $12,000 million, net operating profit after tax of $1,140million, net income of $380 million, and common shares issued of $1,916 million. The company has no preferred shares issued. Krogen Grocers return on common stockholders equity for the year is:

Select one:

A. 9.50%

B. 15.97%

C. 6.33%

D. 3.17%

..