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2. Using the information in Table 4.I and the financial statement information for Avon Products below, calculate the following ratios for Avon for both 2006

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2. Using the information in Table 4.I and the financial statement information for Avon Products below, calculate the following ratios for Avon for both 2006 and 2007 Co in a. Gross profit margin b. Operating profit margin c. Net profit margin d. Times-interest-earned (coverage) ratio e. Return on shareholders' equity f. Return on assets g. Debt-to-equity ratio h. Long-term debt-to-capital ratio i. Days of inventory j. Inventory turnover ratio k. Average collection period Based on these ratios, did Avon's financial performance improve, weaken, or remain about the same from 2006 to 2007

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