According to its 2011 annual report, MCT Caremark and its subsidiaries are the largest provider of pharmacy health care in the United States, filling or managing more than one billion prescriptions annually. i (Click the icon to view further company information.) The following information is from the 2011 annual report. (Click the icon to view the information from the 2011 annual report.) Requirements 1. Compute the gross profit rate for: (a) the Pharmacy Services segment, (b) the Retail Pharmacy segment and (c) MCT Caremark. 2. Compute the operating profit rate for: (a) the Pharmacy Services segment, (b) the Retail Pharmacy segment and (c) MCT Caremark. 3. Do both segments contribute equally to the profitability of MCT Caremark? Explain. Requirement 1. Determine the formula, then compute the gross profit rate for: (a) the Pharmacy Services segment, (b) the Retail Pharmacy segment and (c) MCT Caremark. (Round the percentages to the nearest hundredth percent, X.XX%.) a. Pharmacy Services b. Retail Pharmacy C. MCT Caremark = Gross profit rate = % % % Requirement 2. Determine the formula, then compute the operating profit rate for: (a) the Pharmacy Services segment, (b) the Retail Pharmacy segment and (c) MCT Caremark. (Round the percentages to the nearest hundredth percent, X.XX%.) a. Pharmacy Services b. Retail Pharmacy c. MCT Caremark = Operating profit rate % II % % Requirement 3. Do both segments contribute equally to the profitability of MCT Caremark? Explain. The Retail Pharmacy segment generates that of the Pharmacy segment. in net revenues than the Pharmacy Services segment. In absolute dollars, the Retail segment contributes of the consolidated gross profit and the Pharmacy Services segment contributes of the consolidated gross profit. In percentage terms, the Retail segment's gross profit rate is The two segments operating profits and the Pharmacy segment constituting to the consolidated operating profit of the company, with the Retail segment operating profit constituting of total operating profits. In percentage terms, the Retail segment's operating profit margin is of total that of the Pharmacy segment. Data Table Intersegment eliminations relate to intersegment revenues that occur when a Pharmacy Services segment customer uses a Retail Pharmacy segment store to purchase covered products. When this occurs, both segments record the revenue on a stand-alone basis. Pharmacy Retail Pharmacy Corporate Services Segment Segment Segment 2011 Net revenues $ 43,751 49,381 Gross profit 3,530 14,754 Operating profit 2,515 3,486 676 Intersegment Eliminations Consolidated Totals MCT Caremark $ (5,251) $ 87,881 146 18,430 166 6,843