2. Calculate for 2015 and 2016 a. Gross profit margin [(2015 Net Sales - 2015 COGS)/2015 Net Sales] b. Operating profit margin [2015 EBIT/2015 Net Sales] c. Net profit margin [2015 Net Profit/2015 Net Sales] SALZA TECHNOLOGY CORPORATION ANNUAL INCOME STATEMENTS (IN S THOUSANDS) 2015 2016 $375 -225 150 -46 Net sales Less: Cost of goods sold Gross profit Less: Operating expenses Less: Depreciation Less: Interest Income before taxes Less: Income taxes Net income Cash dividends $450 -270 180 46 -30 -4 100 -30 -25 -4 75 -20 $ 55 $ 17 $ 70 $ 20 BALANCE SHEETS AS OF DECEMBER 31 (IN $ THOUSANDS) 2015 2016 Cash Accounts receivable Inventories Total current assets Gross fixed assets Less accumulated depreciation Net fixed assets Total assets Accounts payable Bank loan Accrued liabilities Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $ 39 50 151 240 200 -95 105 $345 $ 30 20 10 60 15 85 185 $345 $ 16 80 204 300 290 -125 165 $465 $ 45 27 23 95 15 120 235 $465