Analyze the financial performance of Intel and AMD using the following data for the fiscal year 2020:

($ millions)	Intel	AMD
Net sales	$77,867	$9,763
Cost of goods sold	$30,567	$4,367
Gross profit	$47,300	$5,396
Operating expenses	$21,456	$2,879
Operating income	$25,844	$2,517
Interest and other (income) expense	$1,200	$600
Earnings before provision for income taxes	$24,644	$1,917
Provision for income taxes	$7,393	$613
Net earnings	$17,251	$1,304

Required: a. Calculate the gross profit margin, operating profit margin, and net profit margin for each company. b. Compute the return on equity (ROE) and return on assets (ROA) for both companies. Assume Intel's equity is $80,000 million and total assets are $150,000 million, while AMD's equity is $5,000 million and total assets are $10,000 million. c. Determine the debt-to-equity ratio for both companies. d. Discuss the profitability and financial leverage of both companies based on your calculations. e. Analyze the operational efficiency of both companies by calculating the asset turnover ratio.