Consider the following balance sheet and income statement for Mmm Good Food Incorporated ( the company that operates Tasty Fried Chicken and Pizza Party), and in condensed form, including some information from the cash flow statement (amounts are millions).

Accounts receivable 623 597 Inventory 575 Other current assets 161 167 196 Long-lived assets 3,70 2.923 2,804 Total assets $5.23 $ 4,130 $ 5.311 Current liabilities $ 1,54 $ 1,30 $ 1,512 Total liabilities 3,247 12.056 11,645 Shareholders' equity (8,016) (7,926) 6.334 Total liabilities and equity $ 5,231 $4,130 $ 5,311 Income Statement Sales $ 5,597 $ 5.688 $5.878 Cost of sales 1,235 1.634 2,954 Gross margin $ 4,362 $ 4,054 2,924 Earnings before interest and taxes $ 1,859 $ 2,291 $ 2,719 Interest 486 452 445 Taxes 79 297 934 Net Income $ 1,294 1,542 $ 1,340 Share price $ 102 $ 92 $ 82 Eamings per share 4.23 4.80 3.86 Number of outstanding shares (millions) 300 306 332 Cash Rows Cash flow from operations $ 1.315 $ 1,176 $ 1,030 Capital expenditures 196 234 318 Dividends 511 462 416 2. Award: 6.00 points Required: Calculate the following ratios for Yum! Brands in 2019 and 2018. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers In millions, rounded to the nearest whole number. ) 1. Gross margin percent 2. Return on assets (ROA). 3. Return on equity (ROE). 1. Gross Margin Percentage 2019 2018 Numerator Denominator 2 Return on Assets 2019 2018 Numerator Denominator 3. Return on Equity 2019 2018 Numerator Denominator https://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=2.&postSubmissionView=13252716882574376, 132527169312691... 1/2 Worksheet Difficulty: 2 Medium Learning Objective: 20-04 Apply the different methods for business analysis and business valuation