a.supreme gross profit rate b. what was supremes operation income in millions c. Supremes return on assets was d. Supremes return on equity was e. Supremes price earnings ratio at year end was

Required information IThe following information applies to the questions displayed below] Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in millions (except fo the per share data) Income statement data: Net sales Cost of goods sold Operating expenses Net income $1,210 $ 515 $ 435 $380 Balance sheet data: Average total equity Average total assets $2,300 $3,900 Supreme reported earnings per share for the year of $3 and paid cash dividends of $3 per share. At year-end, the Wa Street Journal listed Supreme's capital stock as trading at $87 per share Supreme's gross profit rate was