The following data were taken from California Pizza Kitchen€™s (CPK) 2010 annual report. All dollar amounts are in millions.

Required
a. Compute CPK€™s gross margin percentage for 2010 and 2009.
b. Compute CPK€™s return on sales percentage for 2010 and 2009.
c. Based on the percentages computed in Requirements a and b, did CPK€™s performance get better or worse from 2009 to 2010?
d. Compare CPK€™s gross margin percentages and return on sales percentages to those of the other real-world companies discussed in this chapter and discuss whether or not it appears to have better than average financial performance ornot.

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Fiscal Years Ending January 2, 2011 Total sales Cost of goods sold Net income January 3, 2010 $652,185 543,504 4,581 $630,606 528,285 (406)