The following selected information is available for Canfor Corporation, a British Columbia-based forest products company, for three fiscal years (in $ millions):

Instructions
(a) Calculate the current ratio, gross profit margin, and profit margin for each year.
(b) Comment on whether the ratios have improved or deteriorated over the three years.
(c) Compare the 2015 ratios calculated in part (a) with the following industry averages: current ratio 1.2:1; gross profit margin 20.8%, and profit margin 2.6%. Are Canfor's ratios better or worse than those of its industry?

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2015 2014 2013 Current assets$ 990.8 $ 902.6 $ 752.4 Current liabilities635.1 425.9 440.5 Sales Cost of goods sold 2,780.8 2,201.9 2,036.8 Net income 3.925.3 3.347.6 3,194.9 91.9 221.8 250.5