Crappy CATS, Inc. (CRDD) (in millions) is a thriving new pet supply business with 3,400 million shares outstanding selling at $52 per share. You have been given the following financial statements to analyze for the company:

Statement of Earnings, Six Months Ended, December 31, 2019)
Net sales		32,750
Cost of Merchandise Sold		21,745
Gross Profit		11,005
Operating Expenses:
Selling and Store Operating		5,022
General and Administrative		450
Total Operating Expenses		5,472
Operating Income		5,533
Interest Income (Expense):
Interest and Investment Income		32
Interest Expense		(11)
Interest, Net		21
Earnings Before Income Taxes		5,554
Income Taxes (21% tax bracket)		1,166
Net Earnings		4,388

Balance Sheet, December 31, 2019 ===============================================================
			Financial liabilities	2,000
Operating assets	24,350		Operating liabilities	6,500
Financial assets	1,350		Common equity	17,200
	25,700			25,700

Crappy CATS, Inc. (CRDD) is in the 21% tax bracket. The required rate of return for operations for Crappy CATS, Inc. (CRDD) is 4.75% over the six month period. Calculate the following from these statements:

1. Financial leverage ____________ %
2. Operating liability leverage ___________ %
3. After-tax profit margin. ____________ %

(hint: Add back the tax on interest income to get OI after tax. PM = OI after tax/S)

Crappy CATS, Inc. (CRDD) earned a return on beginning net operating assets (RNOA) of 8.95% for the six months ending December 31, 2019.

4.What was the asset turnover during these six months? ________ times . (Use three places beyond the decimal)

5. What was the residual operating income over the six months? Round to the nearest penny $________________

6. At the current market price of $52 per share, what growth rate for residual operating income does the market forecast for the future _____________% . (round at two places beyond the decimal)