D. H. Muller Company presented the following income statement in its 2009 annual report:

The asset side of the balance sheet is summarized as follows:

Required
a. Based on these data, compute the following for 2009, 2008, and 2007:
1. Net profit margin
2. Return on assets (using total assets)
3. Total asset turnover (using total assets)
4. DuPont analysis
5. Operating income margin
6. Return on operating assets (using end-of-year operating assets)
7. Operating asset turnover (using end-of-year operating assets)
8. DuPont analysis with operating ratios
9. Gross profit margin
b. Discuss yourfindings.

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For the Years Ended (Dollars in thousands except per-share amounts) 2009 2008 2007 Net sales Cost of sales Gross profit Selling, administrative, and other expenses Operating eamings Interest expense Other deductions, net $297,580 206,000 91,580 65,200 26,380 (5,990) $256,360 176.300 80,060 57.200 22,860 (5,100) (1,100) 16,660 $242,150 165,970 76,180 56,000 20,180 (4,000) Eamings before income taxes, noncontrolling 20,070 15,380 interests, and extraordinary items (8,028) (700) (6,229) (668) Income taxes (6,830) Net earnings of subsidiaries applicable to (670) noncontrolling interests Earnings before extraordinary items Extraordinary items: 11,342 9,160 8,483 Gain on sale of investment, net of federal and state income taxes of $520 1,050 Loss due to damages to South American facilities, net of noncontrolling interest of $430 (1,600) Net earnings Earnings per common share Earnings before extraordinary items Extraordinary items Net earnings S 11,342 $ 8,610 $ 1.82 $1.76 $ 8.483 $ 1.65 $ 1.65 $ 2.20 20 2007 (Dollars in thousands) Current assets Property, plant, and equipment Other assets (including investments, deposits, deferred 2009 2008 S 89,800 84,500 83,100 39,800 45,850 40,300 charges, and intangibles) 10110 12200 13,100 12,200 Total assets $145,760 $137,000 136,000