Recently, it was announced that two giant French retailers, Carrefour SA and Promodes SA, would merge. A headline in the Wall Street Journal blared, French Retailers Create New Walmart Rival. While Walmarts total sales would still exceed those of the combined company, Walmarts international sales are far less than those of the combined company. This is a serious concern for Walmart, since its primary opportunity for future growth lies outside of the United States. Below are basic financial data for the combined corporation (in euros) and Walmart (in U.S. dollars). Even though their results are presented in different currencies, by employing ratios we can make some basic comparisons.

		Carrefour (in millions)			Wal-Mart (in millions)
Sales revenue		70,486			$256,329
Cost of goods sold		54,630			198,747
Net income		1,738			9,054
Total assets		39,063			104,912
Current assets		14,521			34,421
Current liabilities		13,660			37,418
Total liabilities		29,434			61,289

Compare the two companies by answering the following. Calculate the gross profit rate for each of the companies. (Round answers to 1 decimal places, e.g. 15.2%.)

		Gross profit rate
Carrefour		enter gross profit rate in percentage rounded to 1 decimal place	%
Wal-Mart		enter gross profit rate in percentage rounded to 1 decimal place	%

Calculate the profit margin. (Round answers to 1 decimal places, e.g. 15.2%.)

		Profit margin
Carrefour		enter profit margin in percenatge rounded to 1 decimal place	%
Wal-Mart		enter profit margin in percenatge rounded to 1 decimal place	%

Calculate the current ratio and debt to assets ratio for each of the two companies. (Round answers to 2 decimal places, e.g. 15.21 or 15.21:1.)

		Current ratio		Debt to assets ratio
Carrefour		enter current ratio rounded to 2 decimal places :1		enter debt to assets ratio rounded to 2 decimal places
Wal-Mart		enter current ratio rounded to 2 decimal places :1		enter debt to assets ratio rounded to 2 decimal places