10.00 points Dyce Ltd. is an auto parts manufacturer. The auto parts industry ha

Question

10.00 points Dyce Ltd. is an auto parts manufacturer. The auto parts industry has gone through difficult times in recent years due to the challenges faced by the auto industry. You are provided with summarized income statements for Dyce for the last seven years DYCE AUTO PARTS LTD Summarized income statements for the years ended December 31 (000) 2015 2017 2016 2014 2013 2012 2011 Revenues Cost of goods sold $ 9.048 7,266 7,545 S 9,188 $ 9,999S 9,826 $ 9.887 $ 9,661 7,707 6,333 7,516 8,081 8,016 8,005 Gross margin All other expenses 1,782 1,081 1,212 1,540 1,672 1,569 1,918 ,544 1,810 1,470 1,882 1,490 1,954 1,524 Net income 701 103 374 340 392 430 Required a. Calculate the gross margin percentage and profit margin percentage for 2011-2017. (Round your answers to 2 decimal places.) 2017 2016 2015 2014 2013 2012 2011 Gross margin percentage Profit margin percentage

Explanation / Answer

Calculation of the gross margin percentage and profit margin percentage for 2011-17:

($1,782/ $9,048) x 100= 19.69%

Formula 2017 2016 2015 2014 2013 2012 2011 Gross margin percentage Gross margin x 100
Revenue

($1,782/ $9,048) x 100= 19.69%

($1,212/ $7,545) x 100 =16.06% ($1,672/ $9,188) x 100 =18.20% ($1,918/ $9,999) x 100 =19.18% ($1,810/ $9,826) x 100 =18.42% ($1,882/ $9,887) x 100 =19.04% ($1,954/ $9,661) x 100 =20.23% Profit margin percentage Net Income x 100
Revenue ($701/ $9,048) x 100 =7.75% (-$328/ $7,545) x 100 = (4.35%) ($103/ $9,188) x 100 =1.12% ($374/ $9,999) x 100 =3.74% ($340/ $9,826) x 100 =3.46% ($392/ $9,887) x 100 =3.96% ($430/ $9,661) x 100 =4.45%

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