27 FSA calcs analyse ratios 1 The following information applies to questions 27 and 28: H but of The following table contains some key ratios for Fresda Ltd and its peer group of companies: uestion Fresda Ltd Peer group Gross profit margin 30% 60% Operating profit margin 17.5% 42.5% Net profit margin 12% 19% Equity multiplier 1.95 1.75 Return on assets 35% 68% In which aspects of operating performance is Fresda Ltd inferior to (.e. worse than) the peer group? a. Control of cost of goods sold only O b. Asset management efficiency only O c. Control of operating expenses only O d. Asset management efficiency and control of (1) cost of goods sold and (2) operating expense