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Using the financial data for Uber and Lyft for the fiscal year 2020, perform the required analyses: ($ millions) Uber Lyft Net sales $14,147 $3,209

Using the financial data for Uber and Lyft for the fiscal year 2020, perform the required analyses:

($ millions)

Uber

Lyft

Net sales

$14,147

$3,209

Cost of goods sold

$7,832

$1,684

Gross profit

$6,315

$1,525

Operating expenses

$5,290

$1,222

Operating income

$1,025

$303

Interest and other (income) expense

$500

$150

Earnings before provision for income taxes

$525

$153

Provision for income taxes

$157

$46

Net earnings

$368

$107

Required: a. Calculate the gross profit margin, operating profit margin, and net profit margin for each company. b. Compute the return on equity (ROE) and return on assets (ROA) for both companies. Assume Uber's equity is $10,000 million and total assets are $25,000 million, while Lyft's equity is $3,500 million and total assets are $6,500 million. c. Determine the debt-to-equity ratio for both companies. d. Compare the profitability and efficiency of both companies based on your calculations. e. Discuss the financial leverage and operational efficiency of both companies.

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