The following data were taken from Jack in the Box (JIB) 2008 annual report. All dollar amounts are in millions.

Required

a. Compute JIB's gross margin percentage for 2008 and 2007.

b. Compute JIB's return on sales percentage for 2008 and 2007.

c. Based on the percentages computed in Requirements \(a\) and \(b\), did JIB's performance get better or worse from 2007 to 2008 ?

d. Compare JIB'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 or not.

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Fiscal Years Ending September 30, 2007 September 28, 2008 Revenue $2,539.6 Cost of goods sold Net income 974.4 119.3 $2,876.0 1,263.0 126.3