Nestles financial statements are presented in Appendix B. Financial statements of Zetar are presented in Appendix C.

Instructions
(a) Based on the information contained in these financial statements, determine each of the following for each company.
(1) Gross profit for the most recent fiscal year reported in the appendices.
(2) Gross profit rate for the most recent fiscal year reported in the appendices.

(3) Operating income for the most recent fiscal year reported in the appendices. (Note: Operating income may be described with alternative labels.)
(4) Percentage change in operating income for the most recent fiscal year reported in the appendices.
(b) What conclusions concerning the relative profitability of the two companies can you draw from these data?