Company: Procter & Gamble Company (P&G)

Item	Amount (in millions)
Net Sales	$76,120
Cost of Goods Sold (COGS)	$36,080
Gross Profit	$40,040
Operating Expenses	$22,500
Operating Income	$17,540
Net Income	$13,020
Total Assets	$122,000
Total Equity	$65,000

Questions:

1. Calculate P&G’s gross profit margin.
2. Determine the operating profit margin.
3. What is the net profit margin?
4. Compute the return on assets (ROA).
5. What is the return on equity (ROE)?