Below is selected financial information for Panettone, Inc.

Balance Sheet ($ in Millions)					Income Statement ($ in Millions)
Assets		Liabilities and Equity			Sales	16,000
Current Assets		Current Liabilities			Cost of Goods Sold	6,988
Cash	200	Accounts Payable	300		Administrative Expenses	322
Accounts Receivable	2,600	Notes Payable	600		Depreciation	156
Inventory	7,000	Total Current Liabilities	900		Earnings Before Interest and Taxes	8,534
Total Current Assets	9,800	Long-Term Liabilities			Interest Expense	204
		Long-Term Debt	1,000		Taxable Income	8,330
Fixed Assets		Total Long-Term Liabilities	1,000		Taxes	2,165
Property, Plant and Equip.	8,100				Net Income	6,165
Less Acc. Depreciation	5,500	Owners' Equity			Dividends	165
Net Fixed Assets	2,600	Common Stock ($1 Par)	1,500		Addition to Retained Earnings	6,000
		Add'l Paid in Capital	600
		Retained Earnings	8,000		Other Information
		Total Equity	10,100		No. of Shares Outstanding (Millions)	7
Total Assets	12,000	Total Liab. and Equity	12,000		Price per Share	162

What is the company's Debt to Asset ratio?

a. 15.83%

b. 84.17%

c. 8.33%

d. 7.50%

What is the company's Gross Profit Percentage?

a. 43.68%

b. 38.27%

c. 56.33%

d. 35.06%