b 2 Please use the following income and statement and balance sheet to answer the following questions: 2020 a. What is the Net Margin for 2020 (Attributable to P&G) [X.X%] b. What is the Quick Ratio for 2019? [X.X%] c. What is the Gross Margin Ratio for 2019 [X.X%]? Net income/Sales revenue $13,103 Current assets '-Inventory $ 22,473.00 Liabities $5,017 $30,011 net revenue 2019 Sales Revenue '-COGS /Sales revenue $35,520 COGS 35520 11% 58.17% Consolidated Balance Sheets Amounts in millions except stated values; As of June 30 Assets CURRENT ASSETS Cash and cash equivalents Available-for-sale investment securities Accounts receivable INVENTORIES Materials and supplies Work in process Finished goods Total inventories Prepaid expenses and other current assets TOTAL CURRENT ASSETS PROPERTY, PLANT AND EQUIPMENT, NET GOODWILL 2020 2019 S 16,181 S 4,239 6,048 4,178 4,951 1,414 1,289 674 612 3,410 3,116 5,498 5,017 2,130 2,218 27,987 22,473 20,692 21,271 39,901 40,273 TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET 23,792 24,215 8,328 6,863 S 120,700 $ 115,095 OTHER NONCURRENT ASSETS TOTAL ASSETS Liabilities and Shareholders' Equity CURRENT LIABILITIES Accounts payable Accrued and other liabilities Debt due within one year TOTAL CURRENT LIABILITIES LONG-TERM DEBT DEFERRED INCOME TAXES OTHER NONCURRENT LIABILITIES TOTAL LIABILITIES $ 12,071 $ 11,260 9,722 9,054 11,183 9,697 32,976 30,011 23,537 20,395 6,199 6,899 11,110 10,211 73,822 67,516 SHAREHOLDERS' EQUITY Convertible Class A preferred stock, stated value $1 per share (600 shares authorized) Non-Voting Class B preferred stock, stated value $1 per share (200 shares authorized) Common stock, stated value $1 per share (10,000 shares authorized; shares issued: 2020-4,009.2, 2019-4,009.2) 897 928 4,009 4,009 Additional paid-in capital 64,194 63,827 Reserve for ESOP debt retirement (1,080) (1,146) (16,165) (14,936) Accumulated other comprehensive income/(loss) Treasury stock, at cost (shares held: 2020-1,529.5, 2019 - 1,504.5) Retained earnings Noncontrolling interest TOTAL SHAREHOLDERS' EQUITY TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (105,573) (100,406) 100,239 94,918 357 46,878 385 47,579 $ 120,700 115,095 Consolidated Statements of Earnings Amounts in millions except per share amosats; Years ended June 20 NET SALES 2019 2018 $ 70,950 S 67,684 $ 66,832 Cost of products sold Selling, general and administrative expense Goodwill and indefinite-lived intangibles impairment charges OPERATING INCOME Interest expense 35,250 34,768 34,432 19,994 19,084 19,037 8,345 15,706 5,487 13,363 (465) (509) (506) Interest income 155 220 247 Other non-operating income, net EARNINGS BEFORE INCOME TAXES 438 871 222 15,834 6,069 13,326 Income taxes 2,731 2,103 3,465 NET EARNINGS Less: Net earnings attributable to noncontrolling interests NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE 13,103 3,966 9,861 76 III $ 13,027 S 3,897 $9,750 83%