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:

Required:
a. Calculate the gross margin percentage and profit margin percentage for 2011€“2017.
b. Analyze the information provided and your calculation in(a).

Transcribed Image Text:

Dyce Auto Parts Ltd. Summarized income statements for the years ended December 31, (000) 2017 2016 2015 201 2013 2012 2011 Revenues Cost of goods sold Gross margin All other expenses Net income $7,448 S5,945 $7,588 S8,399 $8,226 8,287 $8,061 6,466 5,3736,716 7,281 ,216 ,206,907 982572 872 1,118 ,010 ,082 1,154 904 214 12 89 2 681 740 849 830 850 884 301 168 23 180 232 270