Company: Procter & Gamble (P&G)

Item	Amount (in millions)
Net Sales	$70,000
Cost of Goods Sold (COGS)	$33,000
Gross Profit	$37,000
Operating Expenses	$20,000
Operating Income	$17,000
Net Income	$13,000
Total Assets	$120,000
Total Equity	$55,000

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)?