Profitability Ratios

The following shows Food Corp's income statement for the last 2 years. The company had assets of $10,575 million in the 1^st year & $16,916 million in the 2^nd. Common Equity was equal to $5,625 million in the 1^st year, 100% of earnings were paid out as dividends in the 1^st year & the firm did not issue new stock in the 2^nd year.

Food Corp Income Statement for the year ending on Dec. 31 (Millions of dollars)

	Year 2	Year 1
Net sales	5,715	4,500
Operating costs except depreciation & amortization	1,855	1,723
Depreciation & amortization	286	180
Total operating costs	2,141	1,903
Operating income (EBIT)	3,574	2,597
Less: interest	357	338
Earnings before taxes (EBT)	3,217	2,259
Less: taxes (40%)	1,287	904
Net income	1,930	1,355

1. Calculate the profitability ratios of Food Corp in the following table. Convert all calculations to a percentage rounded to two decimal places:

	Year 2	Year 1
Operating margin	???	57.71%
Net profit margin	33.77%	???
Return on total assets	???	12.81%
Return on equity	???	24.09%
Basic earning power	21.13%	???