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Magna International Inc. is a leading global supplier of technologically advanced automotive components, systems, and modules. Selected financial information (in US$ millions) follows: 2017 2016
Magna International Inc. is a leading global supplier of technologically advanced automotive components, systems, and modules. Selected financial information (in US$ millions) follows:
2017 | 2016 | 2015 | |||||||||||
Sales | $38,946 | $36,445 | $32,134 | ||||||||||
Cost of goods sold | 33,258 | 31,123 | 27,559 | ||||||||||
Profit | 2,206 | 2,031 | 2,013 | ||||||||||
Current assets | 11,220 | 10,163 | 11,144 | ||||||||||
Current liabilities | 9,169 | 8,695 | 7,276 |
(a) Calculate the gross profit margin, profit margin, and current ratio for each year. (Round Gross profit margin to 1 decimal place, e.g. 52.7% and all other answers to 2 decimal places, e.g. 52.75 or 52.75%.)
2017 | 2016 | 2015 | |||||||
Gross profit margin | % | % | % | ||||||
Profit margin | % | % | % | ||||||
Current ratio | : 1 | : 1 | : 1 |
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