need question 1a and b please

EXHIBIT 2.9 CALLAWAY GOLF COMPANY Consolidated Statements of Operations (In thousands, except per share data) Year Ended December 31, 2016 2014 Net sales Cost of sales...... Gross proft Selling expenses...... General and administrative expenses Research and development expenses Total operating expenses Income from operations Interest income $ 871,192 486 181 385.011 235,556 71969 33318 340,343 44,168 2015 $843,794 486,161 357,633 228,910 68,567 33 212 330 690 26,943 388 (8.733) $886,945 529,019 357.926 234.231 61,652 31 285 327,178 30,748 438 (9.499) 621 Interest expenses Gain one of investments in golf-related ventures One income (expense.net Income before income taxes Income tax (benefit) provision Net Income Less: Net income attributable to non controlling interests Net income attributable to Callaway Golf Company Earnings per common share: (2368) 17.602 (1690) 58 393 (132561 190.954 (48) 21,639 1,465 20,063 5.495 14,568 16,008 $189.900 $ 1456 $ 16,008 Basic $0.18 $ 202 $1.98 $0.21 $ 0.20 $0.17 Duted Weighted average common shares outstanding Basic Diluted 83. 116 94,045 95.845 77.659 78,385 34,611 EXHIBIT 2.10 SUDZUCKER AG Statement of Comprehensive Income 1 March 2016 to 28 February 2017 million Revenues Change in work in progress and finished goods inventories and internal costs capitalized Other operating income...... Cost of materials Personnel expenses............ Depreciation..... Other operating expenses Result from companies consolidated at equity Result from operations ..... Financial income Notos 2016/17 2015/16 (6) 6,476,0 6,387.0 (7) 141.1 -175.3 (8) 98.7 122.5 (9) 4323 2 4,091.8 (10) -841.7 831.5 (11) -285.9 -283.9 (12) -8591 -905.1 (13) 350 550 (14) 440 9 276 9 (15) 50.7 59.6 (15) -84.6 -109.8 407.0 226.7 (16) -94.9 45 8 (18) 312.1 180.9 213.6 108.9 13.4 18.4 53.6 (18) 1.05 0.53 Financial expense Earnings before income taxes. Taxes on income Net earnings... of which attributable to Sdzucker AG shareholders of which attributable to hybrid capital of which attributable to other noncontrolling interests Earnings per share (9) 85.1 JUULUTUILUUUU-JLCU 42/52/12/16/2/2WUU EXHIBIT 2.11 MELIA HOTELS INTERNATIONAL S.A. Consolidated Profit and Loss Account (Thousands of Operating income Expenses Staff costs Other costs EBITDAR Note 2016 7.1 1,801,962 72 (222,783) 73 (489 707) 74 (640,167) 449,395 201 (163 727) 6.1 285,578 75 (111,452) 1621 175.746 2015 1,738,207 (214,823) (463,321) (623 253) 436,810 (143 783) 293,078 (129,130) Leases EBITDA Amortization and impairments... Negative consolidation difference EBITIOperating profit Exchange results. ... Bank financing Other financial results.. Financial result ..... . . Results of entities measured by the equity method RESULT BEFORE TAXES ... . 163,948 10.409 4.676 (42,121) 7,701 (29,743) (70,703) 1,756 (58,542) 1,585 147.588 (44.640) Corporate income tax CONSOLIDATED RESULT A) Attributed to the parent company.................. B) Attributed to minority interests (3,787) 101.619 (61.103) 40,515 35,975 4541 ... .. ..... 102,948 100.693 2.255 15.7 EXHIBIT 2.12 THAI AIRWAYS INTERNATIONAL PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES Excerpt from Statements of Comprehensive Income For the year ended December 31, 2016 Unit: Baht CONSOLIDATED FINANCIAL STATEMENTS Note 2016 2015 Revenues 148,060,309,853 17.963,345,043 615,301,846 - 11,673,542,694 178,312,499,436 152,487,688,487 18,089,435 210 562,089,100 11,588,144,224 182,727,357,021 .......... 722 204,313,537 684.970,854 2,244.421.749 3,133,705,140 181,446,205,576 331,925,784 3,511,781,612 6 .020.259,832 9,863,967,228 192,591,324,249 ............ Revenues from Sales or Revenues from Services Passenger and excess baggage Freight Mal Other activities Total Revenues from Sales or Revenues from Services Other Income Interest income Gain on foreign currency exchange Other income others. Total Other Income.... Total Revenues Expenses... . Fuel and oil Employee benefit expenses Termination benefit-Mutual Separation Plan Flight service expenses.... Crew expenses.............. Aircraft maintenance and overhaul costs Depreciation and amortisation expenses Lease of Bircraft and spare parts Inventories and supplies Selling and advertising expenses Insurance expenses Impairment loss of assets Impairment loss of aircraft Other expenses Finance costs Share of (profit) loss of associates 7.23 45,335,913,346 29,568,433,554 427,122,345 20.617.770,532 5,352,676,217 16,986,636 235 17,990,828,445 9,871,541,115 8,150.778440 9,404,409.793 569,961,467 410,161,132 3.217.748,674 8,841,036,057 5,339.100.550 579,446 279 63,242,833,143 30,678,620,518 3,381.266,844 20,474,091,602 5,312,866,969 10,310,630.041 19,132,779,761 6,949,060,818 7,828,716,942 9,499,174,198 613.909.442 281,315,202 11,876,432,369 9,359,059,811 5,897.739,737 (131,877,881) 7.25 726 Impairment loss of aircraft Other expenses.... Finance costs... . Share of proft) loss of associates 7.25 3.217.748,674 726 8.841,036,057 5,339,160,850 579,446 279 182,863,622,481 (1.417.416,905) 727 (1.464 236, 106) 46,821,201 11,876,432,369 9,359,059,811 5,897.739,737 (131.877.881) 206,707,627,516 (14,116,303,267) (1,069,374,783) (13,046,928,484) Total Expenses Profits losses) before Income Tax Expense Tax income Profit (loss) for the Year...... EXHIBIT 2.13 TESCO PLC Excerpt from Group Income Statement 52 weeks ended 25 February 2017 Before exceptional items Exceptional items (Note 4) Total Continuing operations Cost of sales.. Grosso 55917 52.8901 3,018 (1736 5.17 (53.015 2.902 11.955 060) Prossessing on property-related items..... Operang profits)... 1.280 (263) Exercises and Problems 1. Refer to the income statements presented in Exhibits 29,2.10.2.11, 2.12, and 2.13 for Callaway Golf Company, Sudzucker AG, Melia Hotels International SA, Thai Airways Limited, and Tesco PLC Required: a. Calculate gross profit margin (gross prof revenues) and operating profit margin (operating profit revenues) for each of these companies for the most recent year presented. If a particular ratio cannot be calculated explain why not b. Is it valid to compare the profit margins calculated in part (a) across these companies in assessing relative profitability? Why or why not